<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT: June 25, 1999
SUN TELEVISION AND APPLIANCES, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
Ohio 0-19269 31-1178151
- --------------- --------------------- -------------
(STATE OR OTHER (COMMISSION FILE NO.) (IRS EMPLOYER
JURISDICTION OF IDENTIFICATION NUMBER)
INCORPORATION OR
ORGANIZATION)
6600 Port Road
Groveport, Ohio 43125
(614) 492-5600
(ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER
INCLUDING AREA CODE OF REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES)
Not Applicable
(FORMER NAME OR ADDRESS, IF CHANGED SINCE LAST REPORT)
<PAGE> 2
ITEM 5. OTHER EVENTS.
As previously reported on Form 8-K, on September 16, 1998, Sun
Television and Appliances, Inc. and its subsidiary Sun TV and Appliances, Inc.
(collectively, "Sun TV") filed voluntary petitions under Chapter 11 of the
United States Bankruptcy Code, Case No. 98-2107 (MFW) in the United States
Bankruptcy Court for the District of Delaware. Sun TV must file a Monthly
Operating Report ("MOR") with the Office of the United States Trustee. The MOR
for January 1999 is attached hereto as Exhibit 99 and is incorporated herein by
reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
Exhibit No. Description
99 Monthly Operating Report for January 1999.
-2-
<PAGE> 3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
SUN TELEVISION AND APPLIANCES, INC.
Date: June 25, 1999 By: /s/ Beth A. Savage
-----------------------------------------
Beth A. Savage, Chief Financial Officer
<PAGE> 4
EXHIBIT INDEX
SUN TELEVISION AND APPLIANCES, INC.
FORM 8-K
Exhibit No. Description
99.1 Monthly Operating Report for January 1999.
<PAGE> 5
PORTER, WRIGHT, MORRIS & ARTHUR LLP
41 South High Street
Columbus, Ohio 43215-6194
Telephone: 614-227-2000
Facsimile: 614-227-2100
June 25, 1999
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Sun Television and Appliances, Inc.
Current Report on Form 8-K
Ladies and Gentlemen:
On behalf of Sun Television and Appliances, Inc. (the "Company"),
pursuant to Regulation S-T under the Securities Act of 1933, as amended, and
pursuant to the General Instructions to Current Report on Form 8-K under the
Securities Exchange Act of 1934, as amended, the Company's Current Report on
Form 8-K is being transmitted herewith.
Any questions or comments with respect to this filing should be
directed to the undersigned at (614) 227-2025.
Very truly yours,
/s/ John B. Pisaris
John B. Pisaris
<PAGE> 1
Exhibit 99
DEBTOR: CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
MOR-1
ACCRUAL BASIS - UNAUDITED
UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
MONTHLY OPERATING REPORT
FOR THE MONTH ENDING JANUARY 30, 1999
================================================================================
<TABLE>
<CAPTION>
Document Previously Explanation
Required attachments Attached Submitted Attached
<S> <C> <C> <C>
1. Tax Receipts ( ) ( ) ( N/A )
2. Bank Statements ( X ) ( ) ( )
3. Most recently filed ( ) ( X ) ( )
Income Tax Return
4. Most recent Annual Financial ( ) ( X ) ( )
Statements prepared by accountant
</TABLE>
IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE
UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING
REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-9) AND THE ACCOMPANYING
ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT
AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY) IS
BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE.
RESPONSIBLE PARTY:
<TABLE>
<S> <C>
/s/ Beth A. Savage CHIEF FINANCIAL OFFICER
- -------------------------------------------------------------------- --------------------------
ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE
BETH A. SAVAGE 4/22/99
- -------------------------------------------------------------------- --------------------------
PRINTED NAME OF RESPONSIBLE PARTY DATE
PREPARER:
/s/ Donna M. Zianni ASSISTANT CONTROLLER
- -------------------------------------------------------------------- --------------------------
ORIGINAL SIGNATURE OF PREPARER TITLE
DONNA M. ZIANNI 4/22/99
- -------------------------------------------------------------------- --------------------------
PRINTED NAME OF PREPARER DATE
</TABLE>
All Chapter 11 debtors must file this report with the Court and serve a copy on
the United States Trustee no later than the 15th day of the month following the
end of the month covered by the report.
<PAGE> 2
DEBTOR: CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
MOR-2
ACCRUAL BASIS - UNAUDITED
MONTHLY OPERATING REPORT
FOR THE MONTH ENDING JANUARY 30, 1999
COMPARATIVE BALANCE SHEET
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
ASSETS NOV-98 DEC-98 JAN-99
---------------------------------------------------------------
28-NOV-98 02-JAN-99 30-JAN-99
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. CASH 26,835,320 14,573,683 5,196,592
- -----------------------------------------------------------------------------------------------------------------------------------
2. ACCOUNTS RECEIVABLE 13,545,212 9,810,932 28,279,075
- -----------------------------------------------------------------------------------------------------------------------------------
3. INVENTORY 1,617,639 550,000 550,000
- -----------------------------------------------------------------------------------------------------------------------------------
4. NOTES RECEIVABLE 0 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
5. PREPAID EXPENSES 3,904,297 3,707,133 3,563,930
- -----------------------------------------------------------------------------------------------------------------------------------
6. OTHER (ATTACH LIST) 0 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
7. TOTAL CURRENT ASSETS 45,902,468 28,641,748 37,589,597
- -----------------------------------------------------------------------------------------------------------------------------------
8. PROPERTY, PLANT & EQUIPMENT, net 41,432,917 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
9. ASSETS HELD FOR SALE 4,343,919 37,533,138 13,742,092
- -----------------------------------------------------------------------------------------------------------------------------------
10. TOTAL PROPERTY, PLANT & EQUIP 45,776,836 37,533,138 13,742,092
- -----------------------------------------------------------------------------------------------------------------------------------
11. DUE FROM AFFILIATES & INSIDERS 0 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
12. INTANGIBLES (ATTACH LIST) 0 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
13. OTHER (PREPAID FINANCE FEES) 2,553,343 2,383,121 2,212,898
- -----------------------------------------------------------------------------------------------------------------------------------
14. TOTAL ASSETS 94,232,647 68,558,007 53,544,587
- -----------------------------------------------------------------------------------------------------------------------------------
POSTPETITION LIABILITIES
- -----------------------------------------------------------------------------------------------------------------------------------
15. ACCOUNTS PAYABLE & ACCRUALS 15,042,592 6,480,221 2,094,890
- -----------------------------------------------------------------------------------------------------------------------------------
16. TAXES PAYABLE 2,172,987 1,372,452 461,823
- -----------------------------------------------------------------------------------------------------------------------------------
17. NOTES PAYABLE 0 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
18. PROFESSIONAL FEES 0 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
19. SECURED DEBT 0 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
20. DUE TO AFFILIATES & INSIDERS 0 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
21. OTHER - (DEFERRED REVENUE from Service Policies) 0 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
22. TOTAL POSTPETITION
LIABILITIES 17,215,579 7,852,673 2,556,713
- -----------------------------------------------------------------------------------------------------------------------------------
PREPETITION LIABILITIES
- -----------------------------------------------------------------------------------------------------------------------------------
23. SECURED DEBT 19,085,308 6,323,010 3,582,022
- -----------------------------------------------------------------------------------------------------------------------------------
24. PRIORITY DEBT 0 0 0
- -----------------------------------------------------------------------------------------------------------------------------------
25. UNSECURED DEBT 75,354,166 74,450,744 74,127,358
- -----------------------------------------------------------------------------------------------------------------------------------
26. OTHER 26,058,250 25,808,250 25,808,250
- -----------------------------------------------------------------------------------------------------------------------------------
27. TOTAL PREPETITION LIABILITIES 120,497,724 106,582,004 103,517,630
- -----------------------------------------------------------------------------------------------------------------------------------
28. TOTAL LIABILITIES 137,713,303 114,434,677 106,074,343
- -----------------------------------------------------------------------------------------------------------------------------------
EQUITY
- -----------------------------------------------------------------------------------------------------------------------------------
29. PREPETITION OWNERS' EQUITY (1,334,175) (1,334,175) (1,334,175)
- -----------------------------------------------------------------------------------------------------------------------------------
30. POSTPETITION CUMULATIVE
PROFIT OR (LOSS) (42,146,481) (44,542,495) (51,195,581)
- -----------------------------------------------------------------------------------------------------------------------------------
31. TOTAL EQUITY (DEFICIT) (43,480,656) (45,876,670) (52,529,756)
- -----------------------------------------------------------------------------------------------------------------------------------
32. TOTAL LIABILITIES &
OWNERS' EQUITY 94,232,647 68,558,007 53,544,587
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
NOTES FOR MONTH ENDING JANUARY 30, 1999:
ITEM 2: Accounts receivable includes approximately $19 million due from MTB
Corporation for the sale of certain real estate and acquisition of
certain leases. The transaction closed January 29, 1999 but was not
funded until February 1, 1999.
ITEM 5: Prepaids primarily consist of the following: professional fees - $0.5
million and reserve held by credit card companies - $2.4 million.
ITEM 15: Includes accrued payroll for the period of approximately $0.4 million;
legal & professional fees of $1.2 million, and Universal/Petters of
$0.2 million for sales at the remaining 30 closing stores.
ITEM 23: Decrease in BankBoston Term Loan primarily due to $2.0 million released
from the cash collateral account at BankBoston and $0.4 million
received from International Asset Recovery for the purchase of
corporate furniture, fixtures and equipment.
ITEM 25: Consists of Accounts Payable, Accrued Liabilities, Customer
Refunds and Capital Lease Obligations.
ITEM 26: Consists of Current and Long-term Portion of Deferred Revenue on
Service Policies, and accrued bank loan fees.
<PAGE> 3
DEBTOR: CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
MOR-3
ACCRUAL BASIS - UNAUDITED
MONTHLY OPERATING REPORT
FOR THE MONTH ENDING JANUARY 30, 1999
INCOME STATEMENT
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------------
REVENUES NOV-98 DEC-98 JAN-99
--------------------------------------------------------------
28-NOV-98 02-JAN-99 30-JAN-99
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. GROSS REVENUES 7,457,435 238,628 45,157
- -------------------------------------------------------------------------------------------------------------------------------
2. COST OF GOODS SOLD 7,843,317 6,504 61,578
- -------------------------------------------------------------------------------------------------------------------------------
3. GROSS PROFIT (385,882) 232,124 (16,421)
- -------------------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
- -------------------------------------------------------------------------------------------------------------------------------
4. Payroll 1,439,849 683,558 561,114
- -------------------------------------------------------------------------------------------------------------------------------
5. Payroll Taxes 115,001 65,857 39,496
- -------------------------------------------------------------------------------------------------------------------------------
6. Employee Benefits 221,823 (13,997) 8,369
- -------------------------------------------------------------------------------------------------------------------------------
7. Depreciation and Amortization 312,736 0 0
- -------------------------------------------------------------------------------------------------------------------------------
8. Occupancy Costs 670,154 105,378 391,883
- -------------------------------------------------------------------------------------------------------------------------------
9. Advertising 108,042 330,598 389,644
- -------------------------------------------------------------------------------------------------------------------------------
10. Store Delivery 162,113 8,264 0
- -------------------------------------------------------------------------------------------------------------------------------
11. Home Delivery (21,103) (1,247) (985)
- -------------------------------------------------------------------------------------------------------------------------------
12. Financing Costs 96,904 314,663 394,025
- -------------------------------------------------------------------------------------------------------------------------------
13. Equipment Rental 180,129 141,853 103,845
- -------------------------------------------------------------------------------------------------------------------------------
14. Outsource Services 24,671 11,549 4,020
- -------------------------------------------------------------------------------------------------------------------------------
15. Taxes 303,762 256,722 2,431
- -------------------------------------------------------------------------------------------------------------------------------
16. Insurance 77,420 78,794 47,751
- -------------------------------------------------------------------------------------------------------------------------------
17. Legal and Professional 135,087 62,378 53,200
- -------------------------------------------------------------------------------------------------------------------------------
18. Impairment of Long-Lived Assets 9,028 0 0
- -------------------------------------------------------------------------------------------------------------------------------
19. Reversal of Restructuring Charge (596,247) 0 0
- -------------------------------------------------------------------------------------------------------------------------------
20. Other (Attach List) 320,580 124,294 107,954
- -------------------------------------------------------------------------------------------------------------------------------
21. TOTAL OPERATING EXPENSES 3,559,949 2,168,664 2,102,747
- -------------------------------------------------------------------------------------------------------------------------------
22. OPERATING INCOME (3,945,831) (1,936,540) (2,119,168)
- -------------------------------------------------------------------------------------------------------------------------------
OTHER INCOME & EXPENSES
- -------------------------------------------------------------------------------------------------------------------------------
23. OTHER INCOME - Interest 0 (2,816) (2,996)
- -------------------------------------------------------------------------------------------------------------------------------
24. OTHER EXPENSES (ATTACH LIST) 0 0 0
- -------------------------------------------------------------------------------------------------------------------------------
25. INTEREST EXPENSE 554,518 334,759 244,685
- -------------------------------------------------------------------------------------------------------------------------------
26. OTHER - Loss (gain) on sale of assets 12,435,835 (483,098) 3,627,154
- -------------------------------------------------------------------------------------------------------------------------------
27. NET OTHER INCOME & EXPENSES 12,990,353 (151,155) 3,868,843
- -------------------------------------------------------------------------------------------------------------------------------
28. LOSS BEFORE REORGANIZATION EXPENSES, TAXES AND EXTRAORDINARY ITEM (16,936,184) (1,785,385) (5,988,011)
- -------------------------------------------------------------------------------------------------------------------------------
REORGANIZATION EXPENSES
- -------------------------------------------------------------------------------------------------------------------------------
29. PROFESSIONAL FEES 661,874 606,224 685,555
- -------------------------------------------------------------------------------------------------------------------------------
30. U.S. TRUSTEE FEES 0 9,750 0
- -------------------------------------------------------------------------------------------------------------------------------
31. INTEREST INCOME 0 (14,024) (37,180)
- -------------------------------------------------------------------------------------------------------------------------------
31. OTHER (ATTACH LIST) 140,337 8,679 16,700
- -------------------------------------------------------------------------------------------------------------------------------
32. TOTAL REORGANIZATION EXPENSES 802,211 610,629 665,075
- -------------------------------------------------------------------------------------------------------------------------------
33. INCOME TAX 0 0 0
- -------------------------------------------------------------------------------------------------------------------------------
34. LOSS BEFORE EXTRAORDINARY ITEM (17,738,395) (2,396,014) (6,653,086)
- -------------------------------------------------------------------------------------------------------------------------------
35. EXTRAORDINARY LOSS - EARLY EXTINGUISHMENT OF DEBT (779,167) 0 0
- -------------------------------------------------------------------------------------------------------------------------------
36. NET LOSS (18,517,562) (2,396,014) (6,653,086)
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
NOTES FOR MONTH ENDING JANUARY 30, 1999:
ITEM 20: Primarily consists of telephone, repairs/maintenance, supplies
employee expenses and bank fees.
ITEM 26: See supporting schedules for MOR-3 detailing loss on sale of certain
real estate and acquisition of certain leases by MTB Corporation and
loss on sale of corporate furniture, fixtures and equipment to
International Asset Recovery.
<PAGE> 4
DEBTOR: CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
MOR-4
ACCRUAL BASIS - UNAUDITED
MONTHLY OPERATING REPORT
FOR THE MONTH ENDING JANUARY 30, 1999
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
CASH RECEIPTS AND NOV-98 DEC-98 JAN-99
---------------------------------------------------------------
DISBURSEMENTS 28-NOV-98 02-JAN-99 30-JAN-99
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1 CASH-BEGINNING OF MONTH 1,837,534.81 18,671,744.35 12,192,000.98
- ------------------------------------------------------------------------------------------------------------------------------------
1a Correction to prior month ending balance
- ------------------------------------------------------------------------------------------------------------------------------------
RECEIPTS
- ------------------------------------------------------------------------------------------------------------------------------------
2. CASH SALES 12,072,818.22 11,144,912.93 4,026,688.76
- ------------------------------------------------------------------------------------------------------------------------------------
3. COLLECTION OF ACCOUNTS RECEIVABLE 2,098,263.48 720,053.45 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
3a. Liquidator reimbursement for expenses paid by Sun 1,834,209.57 2,466,384.46 613,010.53
- ------------------------------------------------------------------------------------------------------------------------------------
4. LOANS & ADVANCES (ATTACH LIST) 17,181,395.54 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
5. SALE OF ASSETS 38,180,304.00 10,608,006.27 453,320.81
- ------------------------------------------------------------------------------------------------------------------------------------
6. OTHER (Primarily Credit Card Receipts) 23,182,723.76 19,898,093.35 6,210,403.29
- ------------------------------------------------------------------------------------------------------------------------------------
7. TOTAL RECEIPTS 94,549,714.57 44,837,450.46 11,303,423.39
- ------------------------------------------------------------------------------------------------------------------------------------
8. TOTAL CASH AVAILABLE 96,387,249.38 63,509,194.81 23,495,424.37
- ------------------------------------------------------------------------------------------------------------------------------------
CURRENT MONTH DISBURSEMENTS
- ------------------------------------------------------------------------------------------------------------------------------------
28-NOV-98 02-JAN-99 30-JAN-99
- ------------------------------------------------------------------------------------------------------------------------------------
PURPOSE AMOUNT AMOUNT AMOUNT
- ------------------------------------------------------------------------------------------------------------------------------------
9. BANK FEES AND DEBT PAYDOWN 43,149,417.81 13,264,379.51 2,902,474.81
- ------------------------------------------------------------------------------------------------------------------------------------
10. ADVERTISING 85,609.64 29,928.08 18,826.08
- ------------------------------------------------------------------------------------------------------------------------------------
11. MERCHANDISE/PARTS 626,555.31 361,754.96 204,547.69
- ------------------------------------------------------------------------------------------------------------------------------------
12. PAYROLL 1,704,130.67 2,768,411.49 585,589.80
- ------------------------------------------------------------------------------------------------------------------------------------
13. STORE RENT 155,176.71 1,304,081.39 333,485.23
- ------------------------------------------------------------------------------------------------------------------------------------
14. EQUIPMENT RENT 43,585.65 62,118.00 30,735.22
- ------------------------------------------------------------------------------------------------------------------------------------
15. CONSTRUCTION 0.00 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
16. EMPLOYEE EXPENSES/UNIFORMS 16,305.40 9,460.98 8,645.60
- ------------------------------------------------------------------------------------------------------------------------------------
17. FREIGHT/POSTAGE 376,831.52 43,450.00 22,878.65
- ------------------------------------------------------------------------------------------------------------------------------------
18. GASOLINE 0.00 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
19. HOTEL/AIR FARE 9,749.28 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
20. INSURANCE 482,341.09 228,956.31 253,760.66
- ------------------------------------------------------------------------------------------------------------------------------------
21. WORKERS COMPENSATION 22,069.30 37,660.59 40,475.40
- ------------------------------------------------------------------------------------------------------------------------------------
22. 401 K TRANSFER 45,794.97 38,527.05 17,121.96
- ------------------------------------------------------------------------------------------------------------------------------------
23. MISCELLANEOUS 23,773.87 16,930.89 31,474.16
- ------------------------------------------------------------------------------------------------------------------------------------
24. GARNISHMENTS 42,675.11 20,841.04 2,469.36
- ------------------------------------------------------------------------------------------------------------------------------------
25. SUPPLIES/MAINTENANCE 17,351.06 4,539.05 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
26. CUSTOMER REFUNDS 114,693.35 21,860.39 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
27. SECURITY 105,606.30 16,473.05 1,872.06
- ------------------------------------------------------------------------------------------------------------------------------------
28. TAXES 1,842,447.54 2,262,986.63 1,605,013.17
- ------------------------------------------------------------------------------------------------------------------------------------
29. TEMPORARY HELP SERVICES 27,735.03 8,378.59 7,243.43
- ------------------------------------------------------------------------------------------------------------------------------------
30. UTILITIES 257,114.13 501,991.32 254,689.87
- ------------------------------------------------------------------------------------------------------------------------------------
31. WASTE REMOVAL 0.00 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
32. CONSULTING 50,229.00 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
33. THIRD PARTY SERVICERS 51,271.44 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
34. PETTY CASH 7,076.12 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
35. REBATES 0.00 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
36. WARRANTY SERVICER 117,320.25 166,680.63 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
37. Reimbursement to liquidators for sales at closing stores 23,839,805.44 30,644,522.43 10,939,838.02
- ------------------------------------------------------------------------------------------------------------------------------------
38. U.S. TRUSTEE FEES 0.00 9,750.00 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
39. PROFESSIONAL FEES 417,543.28 697,600.61 410,260.19
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
40. TOTAL DISBURSEMENTS 73,632,209.27 52,521,282.99 17,671,401.36
- ------------------------------------------------------------------------------------------------------------------------------------
41. END OF MONTH BALANCE 18,671,744.35 12,192,000.98 5,254,547.74
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
ITEMS 1 & 41: Beginning and Ending Cash balances reflect balances per bank
statements.
ITEMS 9 - 40: Disbursements reflect wire and/or ACH transfers and checks written
during the period January 3, 1999 through January 30, 1999.
<PAGE> 5
DEBTOR: CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
MOR-5
ACCRUAL BASIS - UNAUDITED
MONTHLY OPERATING REPORT
FOR THE MONTH ENDING JANUARY 30, 1999
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
ACCOUNTS RECEIVABLE AGING
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C>
0 - 30 days old 0.00
------------------------------------------------------------------------------------------
31 - 60 days old 22,398.69
------------------------------------------------------------------------------------------
61 - 90 days old 281,351.79
------------------------------------------------------------------------------------------
91+ days old 6,919,172.23
------------------------------------------------------------------------------------------
TOTAL ACCOUNTS RECEIVABLE 7,222,922.71
------------------------------------------------------------------------------------------
AMOUNTS CONSIDERED UNCOLLECTIBLE (1,194,306.43)
------------------------------------------------------------------------------------------
ACCOUNTS RECEIVABLE (NET) 6,028,616.28
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------
AGING OF POST PETITION TAXES AND PAYABLES
- -----------------------------------------------------------------------------------------------------------------------------------
0-30 31-60 61-90 91+
DAYS DAYS DAYS DAYS TOTAL
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
ACCOUNTS PAYABLE (A) 1,306,713.00 500,000.00 300,000.00 450,000.00 2,556,713.00
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
NOTE A: Sun's Accounts Payable system does not age the A/P;
above aging represents estimate based on review of the
accounts payable detail.
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
STATUS OF POST PETITION TAXES
- -----------------------------------------------------------------------------------------------------------------------------------
BEGINNING WITHHELD ENDING
TAX AND/ OR AMOUNT TAX DELINQUENT
LIABILITY* ACCRUEED PAID LIABILITY TAXES
===================================================================================================================================
<S> <C> <C> <C> <C> <C>
FEDERAL
- -----------------------------------------------------------------------------------------------------------------------------------
WITHHOLDING** 0.00 71,893.57 71,893.57 0.00
- -----------------------------------------------------------------------------------------------------------------------------------
FICA-EMPLOYEE** 0.00 39,012.98 39,012.98 0.00
- -----------------------------------------------------------------------------------------------------------------------------------
FICA-EMPLOYER** 0.00 39,013.04 39,013.04 0.00
- -----------------------------------------------------------------------------------------------------------------------------------
UNEMPLOYMENT 0.00 1,902.54 1,902.54 0.00
- -----------------------------------------------------------------------------------------------------------------------------------
INCOME 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------------------------------------------
OTHER (ATTACH LIST) 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------------------------------------------
TOTAL FEDERAL TAXES 0.00 151,822.13 151,822.13 0.00 0.00
- -----------------------------------------------------------------------------------------------------------------------------------
STATE AND LOCAL
- -----------------------------------------------------------------------------------------------------------------------------------
WITHHOLDING 0.00 22,229.99 22,229.99 0.00
- -----------------------------------------------------------------------------------------------------------------------------------
SALES AND USE 1,372,452.46 461,823.35 1,372,452.46 461,823.35
- -----------------------------------------------------------------------------------------------------------------------------------
EXCISE 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------------------------------------------
MERCANTILE 54,375.32 2,430.80 46,494.69 10,311.43
- -----------------------------------------------------------------------------------------------------------------------------------
UNEMPLOYMENT 0.00 5,288.94 5,288.94 0.00
- -----------------------------------------------------------------------------------------------------------------------------------
REAL PROPERTY 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------------------------------------------
PERSONAL PROPERTY 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------------------------------------------
PENNSYLVANIA OCCUPATIONAL 0.00 20.00 20.00 0.00
- -----------------------------------------------------------------------------------------------------------------------------------
NEW YORK DISABILITY 0.00 0.32 0.32 0.00
- -----------------------------------------------------------------------------------------------------------------------------------
OTHER (ATTACH LIST) 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------------------------------------------
TOTAL STATE AND LOCAL 1,426,827.78 491,793.40 1,446,486.40 472,134.78 0.00
- -----------------------------------------------------------------------------------------------------------------------------------
TOTAL TAXES 1,426,827.78 643,615.53 1,598,308.53 472,134.78 0.00
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
* The beginning tax liability should represent the liability from the prior
month or, if this is the first operating report, the amount should be zero.
** Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt
to verify payment of deposit.
<PAGE> 6
DEBTOR: CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
MOR-6
ACCRUAL BASIS - UNAUDITED
MONTHLY OPERATING REPORT
FOR THE MONTH ENDING JANUARY 30, 1999
THE DEBTOR IN POSSESSION MUST COMPLETE THE RECONCILIATION BELOW FOR EACH BANK
ACCOUNT, INCLUDING ALL GENERAL, PAYROLL AND TAX ACCOUNTS, AS WELL AS ALL SAVINGS
AND INVESTMENT ACCOUNTS, MONEY MARKET ACCOUNTS, CERTIFICATES OF DEPOSIT,
GOVERNMENT OBLIGATIONS, ETC. ACCOUNTS WITH RESTRICTED FUNDS SHOULD BE IDENTIFIED
BY PLACING AN ASTERISK NEXT TO THE ACCOUNT NUMBER. ATTACH ADDITIONAL SHEETS IF
NECESSARY.
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------
BANK RECONCILIATION
ACCOUNT #1 ACCOUNT #2 ACCOUNT #3
- ------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
A. BANK: SEE NOTE BELOW
-----------------------------------------------------------------
B. ACCOUNT NUMBER: TOTAL
-----------------------------------------------------------------
C. PURPOSE (TYPE):
- ------------------------------------------------------------------------------------------------------------------------------
1. BALANCE PER BANK STATEMENT
- ------------------------------------------------------------------------------------------------------------------------------
2. ADD: TOTAL DEPOSITS NOT CREDITED
- ------------------------------------------------------------------------------------------------------------------------------
3. SUBTRACT: OUTSTANDING CHECKS
- ------------------------------------------------------------------------------------------------------------------------------
4. OTHER RECONCILING ITEMS (ATTACH LIST)
- ------------------------------------------------------------------------------------------------------------------------------
5. MONTH END BALANCE PER BOOKS
- ------------------------------------------------------------------------------------------------------------------------------
6. NUMBER OF LAST CHECK WRITTEN
- ------------------------------------------------------------------------------------------------------------------------------
</TABLE>
NOTE: Due to the slowdown of banking activity, bank reconciliations are now
current. Bank Reconciliations for December 1998 and January 1999, and a
summary of the activity in each account are included with this MOR. See
MOR-6 supporting schedules.
<TABLE>
<CAPTION>
- -------------------------------------
INVESTMENT ACCOUNTS
- ---------------------------------------------------------------------------------------------------------------------------
DATE OF TYPE OF PURCHASE CURRENT
BANK ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
7. NatCity Investments - 509394078 12/31/98 Govt Money Market 1,200,473.06 1,200,473.06
- ---------------------------------------------------------------------------------------------------------------------------
8. NatCity Investments - 509394035 12/31/98 Govt Money Market 2,450,096.31 2,450,096.31
- ---------------------------------------------------------------------------------------------------------------------------
9.
- ---------------------------------------------------------------------------------------------------------------------------
10.
- ---------------------------------------------------------------------------------------------------------------------------
11. TOTAL INVESTMENTS 3,650,569.37 3,650,569.37
- ---------------------------------------------------------------------------------------------------------------------------
- -------------------------------------
CASH
- ---------------------------------------------------------------------------------------------------------------------------
12. CURRENCY ON HAND - per the Company's Bank Statements 1,603,978.37
- ---------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
13. TOTAL CASH-END OF MONTH (Total of lines 5, 11, & 12) 5,254,547.74
- ---------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 7
DEBTOR: CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
MOR-7
ACCRUAL BASIS - UNAUDITED
MONTHLY OPERATING REPORT
FOR THE MONTH ENDING JANUARY 30, 1999
- --------------------------------------------------------------------------------
PAYMENTS TO INSIDERS AND PROFESSIONALS
- --------------------------------------------------------------------------------
OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT PAID
TO INSIDERS (AS DEFINED IN SECTION 101(31)(A)-(F) OF THE U.S. BANKRUPTCY CODE)
AND TO PROFESSIONALS. ALSO, FOR PAYMENTS TO INSIDERS, IDENTIFY THE TYPE OF
COMPENSATION PAID (e.g. SALARY, BONUS, COMMISSIONS, INSURANCE, HOUSING
ALLOWANCE TRAVEL, CAR ALLOWANCE, ETC.). ATTACH ADDITIONAL SHEETS IF NECESSARY.
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------
INSIDERS
- ----------------------------------------------------------------------------------------------------- CUMULATIVE
TYPE OF AMOUNT UNPAID
NAME POSITION PAYMENT PAID BALANCE
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1. DENNIS MAY President & COO salary $24,115.37 $0.00
- -----------------------------------------------------------------------------------------------------------------------------
bonus $250,000.00
- -----------------------------------------------------------------------------------------------------------------------------
expenses $982.58
- -----------------------------------------------------------------------------------------------------------------------------
2. BETH SAVAGE CFO, Treasurer & Secretary salary $12,307.70 $0.00
- -----------------------------------------------------------------------------------------------------------------------------
bonus $100,000.00
- -----------------------------------------------------------------------------------------------------------------------------
expenses $1,559.74
- -----------------------------------------------------------------------------------------------------------------------------
3. JIM ROMERO VP Operations salary $11,230.76 $0.00
- -----------------------------------------------------------------------------------------------------------------------------
bonus $0.00
- -----------------------------------------------------------------------------------------------------------------------------
expenses $164.92
- -----------------------------------------------------------------------------------------------------------------------------
4. ROBERT YOUNG Controller & Asst. Secretary salary $12,096.15 $0.00
- -----------------------------------------------------------------------------------------------------------------------------
bonus $25,000.00
- -----------------------------------------------------------------------------------------------------------------------------
expenses $0.00
- -----------------------------------------------------------------------------------------------------------------------------
5.
- -----------------------------------------------------------------------------------------------------------------------------
6. TOTAL PAYMENTS TO INSIDERS $437,457.22 $0.00
- -----------------------------------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
PROFESSIONALS
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
TYPE DATE OF COURT
OF ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID
NAME PROFESSIONAL PAYMENT APPROVED PAID TO DATE
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1. Kirkland & Ellis Attorney 09/16/98 0.00 0.00 222,972.10
- ---------------------------------------------------------------------------------------------------------------------------------
2. Business Regeneration Services Accountant 09/16/98 137,646.32 137,646.32 493,967.69
- ---------------------------------------------------------------------------------------------------------------------------------
3. KPMG Peat Marwick LLP Accountant 09/16/98 0.00 0.00 72,678.00
- ---------------------------------------------------------------------------------------------------------------------------------
4. Otterbourg, Steindler, Houston & Attorney 09/16/98 80,736.55 80,736.55 218,860.92
- ---------------------------------------------------------------------------------------------------------------------------------
5. Porter, Wright, Morris & Arthur Attorney 09/16/98 0.00 0.00 40,348.52
- ---------------------------------------------------------------------------------------------------------------------------------
6. Young, Conaway, Stargatt & Attorney 09/16/98 9,883.00 9,883.00 36,998.42
- ---------------------------------------------------------------------------------------------------------------------------------
7. Donlin, Recano & Company, Inc. Claims Consultant 09/16/98 42,410.94 42,410.94 65,397.06
- ---------------------------------------------------------------------------------------------------------------------------------
8. Ernst & Young LLP Accountant 09/16/98 69,001.40 69,001.40 210,444.80
- ---------------------------------------------------------------------------------------------------------------------------------
9. TOTAL PAYMENTS TO PROFESSIONALS 339,678.21 339,678.21 1,361,667.51
- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
ADEQUATE PROTECTION PAYMENTS
- ------------------------------------------------------------------------------------------------------------------------------------
SCHEDULED AMOUNTS
MONTHLY PAID TOTAL
PAYMENTS DURING UNPAID
NAME OF CREDITOR DUE MONTH POSTPETITION
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. BankBoston Retail Finance, Inc. Term Loan Interest due the first day of 147,474.81 none
- ------------------------------------------------------------------------------------------------------------------------------------
2. each month
- ------------------------------------------------------------------------------------------------------------------------------------
3.
- ------------------------------------------------------------------------------------------------------------------------------------
4.
- ------------------------------------------------------------------------------------------------------------------------------------
5.
- ------------------------------------------------------------------------------------------------------------------------------------
6. TOTAL
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 8
DEBTOR: CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
MOR-8
ACCRUAL BASIS - UNAUDITED
MONTHLY OPERATING REPORT
FOR THE MONTH ENDING JANUARY 30, 1999
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------------
QUESTIONNAIRE YES NO
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS
THIS REPORTING PERIOD? X
- --------------------------------------------------------------------------------------------------------------------------------
2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION
ACCOUNT? X
- --------------------------------------------------------------------------------------------------------------------------------
3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE FROM RELATED PARTIES? X
- --------------------------------------------------------------------------------------------------------------------------------
4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD? X
- --------------------------------------------------------------------------------------------------------------------------------
5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY? X
- --------------------------------------------------------------------------------------------------------------------------------
6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? X
- --------------------------------------------------------------------------------------------------------------------------------
7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE? X
- --------------------------------------------------------------------------------------------------------------------------------
8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? X
- --------------------------------------------------------------------------------------------------------------------------------
9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? X
- --------------------------------------------------------------------------------------------------------------------------------
10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT? X
- --------------------------------------------------------------------------------------------------------------------------------
11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD? X
- --------------------------------------------------------------------------------------------------------------------------------
12. ARE ANY WAGE PAYMENTS PAST DUE? X
- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES," PROVIDE A DETAILED
EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY.
ITEM #1 - Pursuant to a Bankruptcy Court order on or about January 13, 1999, MTB
Corporation purchased certain real estate holdings and acquired
certain leases of Sun's stores. Pursuant to a Bankruptcy Court order
on or about December 26, 1998, International Asset Recovery acquired
Sun's corporate furniture, fixtures and equipment. See MOR-3
supporting schedules for analysis of the real estate, leases and
furniture, fixtures and equipment sold.
ITEM #2 - In accordance with a first day motion approved by the Bankruptcy
Court, Sun Television's existing pre-petition bank accounts are
Debtor-in-Possession bank accounts.
ITEM #4 - Pursuant to orders of the Bankruptcy Court, Sun Television paid
certain pre-petition liabilities for Customer Service Programs at the
30 stores remaining open and certain pre-petition shipping charges.
ITEM #11 - In connection with the closing of the sale of real estate to and
acquisition of leases by MTB Corporation, Sun Television paid
outstanding pre-petition real estate taxes.
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------
INSURANCE YES NO
- -------------------------------------------------------------------------------------------------------------
<S> <C> <C>
1. ARE WORKERS COMPENSATION, GENERAL LIABILITY AND OTHER
NECESSARY INSURANCE COVERAGES IN EFFECT? X
- -------------------------------------------------------------------------------------------------------------
2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X
- -------------------------------------------------------------------------------------------------------------
3. PLEASE ITEMIZE POLICIES BELOW. X
- -------------------------------------------------------------------------------------------------------------
</TABLE>
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE
BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN
EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY.
ITEM 2: Note that approximately $10,000 in General Liability insurance premium
related to several new stores opened during fiscal 1999 were NOT billed to the
Company until subsequent to the Petition Date and are therefore included as a
Pre-petition debt.
- --------------------------------------------------------------------------------
INSURANCE POLICIES
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
TYPE OF PAYMENT AMOUNT
POLICY CARRIER PERIOD COVERED & FREQUENCY
- ------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------
Commercial Property & Casualty C N A 10/1/98 through 9/30/99 - $287,100 paid 10/1/98
- ------------------------------------------------------------------------------------------------------------------------------
- $192,463 due 1/1/99
- ------------------------------------------------------------------------------------------------------------------------------
and 4/1/99
- ------------------------------------------------------------------------------------------------------------------------------
Directors & Officers Liability Genesis Insurance Co. 7/21/98 through 7/21/99 - $199,000 paid in full
- ------------------------------------------------------------------------------------------------------------------------------
7/27/98
- ------------------------------------------------------------------------------------------------------------------------------
Workers Compensation EBI Companies 10/19/97 through 10/18/98 - $21,101 for 12/97&1/98
- ------------------------------------------------------------------------------------------------------------------------------
- $28,364 per month for
- ------------------------------------------------------------------------------------------------------------------------------
2/98 - 8/98
- ------------------------------------------------------------------------------------------------------------------------------
Workers Compensation EBI Companies 10/19/98 through 11/18/98 (A) - $41,958 paid 11/2/98
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
Workers Compensation Various State Funds 11/19/98 through final store - $113,740 paid 11/13/98
- ------------------------------------------------------------------------------------------------------------------------------
closing date in various states (B)
- ------------------------------------------------------------------------------------------------------------------------------
</TABLE>
NOTE A: EBI granted Sun Television a 30 day extension
on the WC policy.
NOTE B: Sun applied for state fund coverage in
Pennsylvania, Indiana, Virginia, New York and
Kentucky. No coverage was necessary for
Tennessee as final store closed in that state
on November 8, 1998. Sun was required to
apply for State Fund coverage for WC due to
the EBI Companies denying coverage after the
30 day extension period. Sun is still
self-insured in Ohio and West Virginia.
<PAGE> 9
DEBTOR: CASE NO. 98-02107
SUN TELEVISION AND APPLIANCES, INC. AND 98-02109
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
MOR-9
ACCRUAL BASIS - UNAUDITED
MONTHLY OPERATING REPORT
FOR THE MONTH ENDING JANUARY 30, 1999
- --------------------------------------------------------------------------------
PERSONNEL
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
FULL TIME PART TIME TOTAL
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. Total number of employees at beginning of period 104 0 104
- -------------------------------------------------------------------------------------------------------------------------------
2. Number of employees hired during the period 0 0 0
- -------------------------------------------------------------------------------------------------------------------------------
3. Number of employees terminated or resigned during the period (47) 0 (47)
- -------------------------------------------------------------------------------------------------------------------------------
4. Total number of employees on payroll at end of period 57 0 57
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
CHANGE OF ADDRESS
- --------------------------------------------------------------------------------
If your mailing address has changed and you have not previously notified the
United States Trustee of the change, list your new address below:
DATE OF CHANGE: _______N/A______________
NEW ADDRESS: ___________________N/A________________________
<PAGE> 10
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
DEBTORS-IN-POSSESSION
CASE NO. 98-2107 AND 98-2109
JANUARY 1999 MONTHLY OPERATING REPORT
SUPPORTING SCHEDULES FOR MOR-3
CALCULATION OF LOSS ON SALE OF PROPERTIES TO
MTB CORPORATION
<PAGE> 11
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
(DEBTORS-IN-POSSESSION)
CASE NO. 98-2107 AND 98-2109
MOR-3 SUPPORTING SCHEDULE
CALCULATION OF LOSS ON SALE OF PROPERTIES TO
MTB CORPORATION
<TABLE>
<CAPTION>
PROCEEDS TO BE RECEIVED FROM MTB CORPORATION:
- ---------------------------------------------
<S> <C> <C>
Total Purchase Price $19,677,000
Adjustments to Proceeds:
BankBoston fees and term loan payoff (6,066,999)
Building and sign repairs - credit to MTB Corporation (197,006)
Property tax adjustments for 1998 and pro-rated 1999 (460,494)
Common area maintenance charges credited to MTB Corporation (1,113)
Sublessee rents credited to MTB Corporation (18,314)
Closing costs (21,829)
-----------------
Total Adjustments to Proceeds (6,765,755)
----------------
Total Proceeds to be Received $12,911,245
================
LOSS ON SALE OF PROPERTIES:
- ---------------------------
Net book value of properties acquired by MTB Corporation $21,790,778
Building/sign repairs paid through closing 197,006
Insurance recovery - building repairs (77,079)
Closing costs 21,829
-----------------
21,932,534
Purchase price 19,677,000
-----------------
LOSS ON SALE OF PROPERTIES ($2,255,534)
=================
PROCEEDS RECEIVED FROM MTB CORPORATION:
- ---------------------------------------
February 1, 1999 funding $12,761,245
Released from escrow February 12, 1999 85,000
Released from escrow February 23, 1999 21,829
-----------------
Total proceeds received 12,868,074
Escrow balance 43,171
-----------------
Total proceeds to be received $12,911,245
=================
</TABLE>
<PAGE> 12
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
DEBTORS-IN-POSSESSION
CASE NO. 98-2107 AND 98-2109
JANUARY 1999 MONTHLY OPERATING REPORT
SUPPORTING SCHEDULE FOR MOR-3
CALCULATION OF LOSS ON SALE OF CORPORATE
FURNITURE, FIXTURES AND EQUIPMENT TO
INTERNATIONAL ASSET RECOVERY
<PAGE> 13
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
(DEBTORS-IN-POSSESSION)
CASE NO. 98-2107 AND 98-2109
MOR-3 SUPPORTING SCHEDULE
CALCULATION OF LOSS ON SALE OF CORPORATE FURNITURE, FIXTURES AND EQUIPMENT TO
INTERNATIONAL ASSET RECOVERY
<TABLE>
<CAPTION>
LOSS ON SALE OF CORPORATE FURNITURE, FIXTURES AND EQUIPMENT:
- ------------------------------------------------------------
<S> <C>
Book value of corporate furniture, fixtures and equipment acquired by
International Asset Recovery $1,701,428
Purchase price 780,000
----------------
LOSS ON SALE OF CORPORATE FURNITURE, FIXTURES AND EQUIPMENT ($921,428)
================
PROCEEDS RECEIVED FROM INTERNATIONAL ASSET RECOVERY:
- ----------------------------------------------------
January 4, 1999 funding $257,500
January 5, 1999 funding 132,500
Cashier's check received January 5, 1999 390,000
----------------
TOTAL PROCEEDS $780,000
================
</TABLE>
<PAGE> 14
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
DEBTORS-IN-POSSESSION
CASE NO. 98-2107 AND 98-2109
JANUARY 1999 MONTHLY OPERATING REPORT
SUPPORTING SCHEDULES FOR MOR-4
SUMMARY OF BANK STATEMENT ACTIVITY
<PAGE> 15
DEBTOR: MOR-4 SUPPORTING SCHEDULE CASE NO. 98-02107
SUN TELEVISION AND ALLIANCES, INC. AND 98-02108
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
<TABLE>
<CAPTION>
BANK BANKBOSTON BANKBOSTON NATIONAL CITY
ACCOUNT NAME BRF, INC. FOR BBRF AS AGENT FOR
PROCEEDS FROM SUN TV
SUN TV & APPLIANCES CASH COLLATERAL CONCENTRATION
ACCOUNT NUMBER 804-81979 898-28038 394035037
- ------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
BALANCE 1/2/99 74,908.00 5,094,946.23 1,470,841.22
TSF FROM HNB A/C 01891740727 1,522.00
STORE DEPOSITS 3,320,479.99
TRANSFERS FROM SMALL BANKS 742,679.22
CREDIT CARD DEPOSITS, NET 6,210,403.29
INTERNATL ASSET RECOVERY - CORPORATE FURN/FIXTURES 390,000.00
GENCO - DEFECTIVE INVENTORY PROCEEDS 63,320.81
UNIVERSAL/PETTERS - EXPENSE REIMBURSEMENT 613,010.53
DEPOSIT RETURNED - GORDON BROTHERS (390,000.00)
DEPOSIT RETURNED - UNIVERSAL/PETTERS (100,000.00)
TRANSFERS TO TERM LOAN (2,390,000.00) (365,000.00)
TRANSFERS TO/FROM BANKBOSTON A/C 898-28038 (6,665,154.10) 7,000,181.96
TSF TO BANKBOSTON A/C 804-81979
WIRE TSF TO UNIVERSAL/PETTERS - STORE RECEIPTS (7,837,382.05) (3,102,455.97)
WIRE TSF TO SUN TV CONCENTRATION ACCOUNT (310,338.72) 310,338.72
WIRE TSF TO VENDORS (1,537,956.92)
WIRE TSF TO NCB A/CS - P/R, W/C, HEALTH INS, PROF FEES (452,374.16)
WIRE TSF TO HNB ESCROW ACCOUNT (168,000.00)
WIRE TSF FROM/TO SUN TV SEI INVESTMENT FUND 1,120,000.00
TERM LOAN INTEREST PAID (147,474.81)
CHECKS PAID (1,915,713.36)
BANKBOSTON LEGAL FEES PAID (55,630.29)
WIRES OUT - DIRECT DEP. & P/R TAX
NSF CHECKS (26,120.24)
BANK/CREDIT CARD FEES (12.00) (8,028.63)
====================================================================
BALANCE 1/30/99 75,000.00 864,290.32 1,700.40
====================================================================
Beginning of month balance - above accounts 7,319,674.15
Beginning of month balance - small banks 372,326.83
================
Beginning of month balance - all accounts 7,692,000.98
================
End of month balance - above accounts 1,303,889.17
End of month balance - small banks 300,089.20
================
End of month balance - all accounts 1,603,978.37
================
</TABLE>
<TABLE>
<CAPTION>
BANK NATIONAL CITY NATIONAL CITY NATIONAL CITY NATIONAL CITY
ACCOUNT NAME
WORKERS HEALTH PROFESSIONAL
COMPENSATION PAYROLL INSURANCE FEES
ACCOUNT NUMBER 3941035053 394035045 394034958 394078205
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
BALANCE 1/2/99 27,444.80 104,600.64 69,173.10 271,000.00
TSF FROM HNB A/C 01891740727
STORE DEPOSITS
TRANSFERS FROM SMALL BANKS
CREDIT CARD DEPOSITS, NET
INTERNATL ASSET RECOVERY - CORPORATE FURN/FIXTURES
GENCO - DEFECTIVE INVENTORY PROCEEDS
UNIVERSAL/PETTERS - EXPENSE REIMBURSEMENT
DEPOSIT RETURNED - GORDON BROTHERS
DEPOSIT RETURNED - UNIVERSAL/PETTERS
TRANSFERS TO TERM LOAN
TRANSFERS TO/FROM BANKBOSTON A/C 898-28038
TSF TO BANKBOSTON A/C 804-81979
WIRE TSF TO UNIVERSAL/PETTERS - STORE RECEIPTS
WIRE TSF TO SUN TV CONCENTRATION ACCOUNT
WIRE TSF TO VENDORS
WIRE TSF TO NCB A/CS - P/R, W/C, HEALTH INS, PROF FEES 38,548.69 413,825.47
WIRE TSF TO HNB ESCROW ACCOUNT
WIRE TSF FROM/TO SUN TV SEI INVESTMENT FUND (270,000.00)
TERM LOAN INTEREST PAID
CHECKS PAID (45,965.32) (158,799.11)
BANKBOSTON LEGAL FEES PAID
WIRES OUT - DIRECT DEP. & P/R TAX (291,971.15)
NSF CHECKS
BANK/CREDIT CARD FEES
===========================================================================
BALANCE 1/30/99 20,028.17 67,655.85 69,173.10 1,000.00
===========================================================================
</TABLE>
<TABLE>
<CAPTION>
BANK HUNTINGTON NAT'L HUNTINGTON NAT'L
ACCOUNT NAME
OLD
PAYROLL CONCENTRATION
ACCOUNT NUMBER 01891448090 01891740727
- --------------------------------------------------------------------------------------------------
<S> <C> <C>
BALANCE 1/2/99 205,238.16 1,522.00
TSF FROM HNB A/C 01891740727
STORE DEPOSITS
TRANSFERS FROM SMALL BANKS
CREDIT CARD DEPOSITS, NET
INTERNATL ASSET RECOVERY - CORPORATE FURN/FIXTURES
GENCO - DEFECTIVE INVENTORY PROCEEDS
UNIVERSAL/PETTERS - EXPENSE REIMBURSEMENT
DEPOSIT RETURNED - GORDON BROTHERS
DEPOSIT RETURNED - UNIVERSAL/PETTERS
TRANSFERS TO TERM LOAN
TRANSFERS TO/FROM BANKBOSTON A/C 898-28038
TSF TO BANKBOSTON A/C 804-81979 (1,522.00)
WIRE TSF TO UNIVERSAL/PETTERS - STORE RECEIPTS
WIRE TSF TO SUN TV CONCENTRATION ACCOUNT
WIRE TSF TO VENDORS
WIRE TSF TO NCB A/CS - P/R, W/C, HEALTH INS, PROF FEES
WIRE TSF TO HNB ESCROW ACCOUNT
WIRE TSF FROM/TO SUN TV SEI INVESTMENT FUND
TERM LOAN INTEREST PAID
CHECKS PAID (10.88)
BANKBOSTON LEGAL FEES PAID
WIRES OUT - DIRECT DEP. & P/R TAX
NSF CHECKS
BANK/CREDIT CARD FEES (185.95)
=========================================
BALANCE 1/30/99 205,041.33 -
=========================================
</TABLE>
<PAGE> 16
DEBTOR: MOR-4 SUPPORTING SCHEDULE CASE NO. 98-02107
SUN TELEVISION AND ALLIANCES, INC. AND 98-02108
SUN TV AND APPLIANCES, INC. JOINTLY ADMINISTERED
<TABLE>
<CAPTION>
BALANCE
STORE # NAME BANK ACCOUNT 12/31/98
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
217 FINDLAY OHIO BANK 7067480 $ 16,495.71
219 CENTURY III PNC 10-0120-8537 3,433.06
234/36 ROBINSON/WASH PNC 00-0107-5987 31,390.54
239 LIMA BANK ONE 021012644 46,008.10
240 ERIE PNC 61-0169-0677 86,455.90
242 BECKLEY BANK ONE WEST 625599303 31,872.03
245 PARKERSBURG WESBANCO 310798542 8,099.26
258/62 CHARLESTON/HUNTINGTON HUNTINGTON BANK 1221021524 59,614.81
260 FRANKFORT FIFTH THIRD BANK 825-66496 (20.89)
263 POTTSVILLE FIRST UNION 14194-53169 12,544.55
264 OWENSBORO FIFTH THIRD BANK 821-81174 1.44
266 CHRISTIANSBURG FIRST UNION 2050000257704 14,034.94
267 WESTERN HILLS PNC 40-0077-2631 1,012.86
268 FIELDS ERTEL PNC 40-0077-2658 864.30
269 ALEXANDRIA PNC 40-0077-2666 9,696.03
270 COLUMBUS,IN IRWIN UNION BANK. 39658034 24,110.70
272 RICHMOND, KY NATIONAL CITY BANK 354073282 14,587.21
275 HAMILTON KEY BANK 353661000201 8,441.39
276 AURORA FIFTH THIRD BANK 748-32344 3,684.89
-------------------------
GRAND TOTALS $ 372,326.83
=========================
</TABLE>
<TABLE>
<CAPTION>
TOTAL BALANCE
STORE # CREDITS NSF CKS BANK FEES TRANSFERS 1/31/99
- ------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
217 $ 146,929.49 $ (949.30) $ (42.70) $ (148,000.00) $ 14,433.20
219 (3,433.06) -
234/36 (144.38) (31,246.16) -
239 182,238.12 (189.25) (189,000.00) 39,056.97
240 33,216.99 (405.88) (30,000.00) 89,267.01
242 25,721.99 (12.10) (13,000.00) 44,581.92
245 20,973.76 (603.20) (316.53) (9,000.00) 19,153.29
258/62 297,105.68 (2,640.60) (132.60) (276,000.00) 77,947.29
260 20.89 -
263 (12,544.55) -
264 (1.44) -
266 (124.28) (13,910.66) -
267 (12.16) (1,000.70) -
268 (12.58) (851.72) -
269 (9,696.03) -
270 (23,000.00) 1,110.70
272 (48.39) 14,538.82
275 1.85 (8,443.24) -
276 (3,684.89) -
------------------------------------------------------------------------------------------------
$ 706,208.77 $ (4,193.10) $ (1,442.29) $ (772,811.01) $ 300,089.20
================================================================================================
</TABLE>
<PAGE> 17
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
DEBTORS-IN-POSSESSION
CASE NO. 98-2107 AND 98-2109
JANUARY 1999 MONTHLY OPERATING REPORT
SUPPORTING SCHEDULES FOR MOR-4
ANALYSIS OF BANKBOSTON TERM LOAN
<PAGE> 18
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
DEBTORS IN POSSESSION
CASE NO. 98-2107 AND 98-2109
FOR THE MONTH ENDING JANUARY 30, 1999
MOR-4 SUPPORTING SCHEDULE
ANALYSIS OF BANKBOSTON TERM LOAN DURING PERIOD
<TABLE>
<S> <C>
BALANCE AT 1/2/99 6,519,183.97
PAYDOWN ON 1/5/99 (257,500.00) (1)
PAYDOWN ON 1/6/99 (132,500.00) (1)
PAYDOWN ON 1/8/99 (365,000.00) (2)
PAYDOWN ON 1/13/99 (2,000,000.00) (3)
------------------------
BALANCE AT 1/30/99, PER BANK STATEMENT 3,764,183.97
UNAMORTIZED DISCOUNT (182,162.00)
------------------------
BALANCE AT 1/30/99, PER FINANCIAL STATEMENTS 3,582,021.97
========================
</TABLE>
(1) Represents proceeds from International Asset Recovery applied to the term
loan.
(2) Payment received from Sun Television.
(3) Represents payment from cash collateral account.
<PAGE> 19
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
DEBTORS-IN-POSSESSION
CASE NO. 98-2107 AND 98-2109
JANUARY 1999 MONTHLY OPERATING REPORT
SUPPORTING SCHEDULES FOR MOR-4
DETAIL LISTING OF ACH AND WIRE TRANSFERS
<PAGE> 20
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
DEBTORS IN POSSESSION
CASE NO. 98-2107 AND 98-2109
FOR THE MONTH ENDING JANUARY 30, 1999
(COVERING THE PERIOD JANUARY 3, 1999 THROUGH JANUARY 30, 1999)
MOR-4 SUPPORTING SCHEDULE
SUMMARY OF ACH AND WIRE TRANSFERS DURING PERIOD
<TABLE>
<CAPTION>
Type Date Vendor Amount ACH/Wire
---- ---- ------ ------ --------
<S> <C> <C> <C> <C>
Escrow 1/12/99 Huntington Trust 25,000.00 Wire
Escrow 1/13/99 Huntington Trust 143,000.00 Wire
---------------
Total Escrow 168,000.00
---------------
Freight 1/7/99 Salem Logistics 2,241.50 Wire
Freight 1/14/99 Salem Logistics 1,423.65 Wire
---------------
Total Freight 3,665.15
---------------
Insurance 1/7/99 Medical Mutual 68,674.10 Wire
Insurance 1/8/99 Medical Mutual 48,299.32 Wire
Insurance 1/15/99 Medical Mutual 30,214.66 Wire
Insurance 1/22/99 Medical Mutual 23,966.56 Wire
Insurance 1/29/99 Medical Mutual 75,563.97 Wire
---------------
Total Insurance 246,718.61
---------------
Liquidators 1/4/99 Universal/Petters 143,287.38 Wire
Liquidators 1/5/99 Universal/Petters 467,199.59 Wire
Liquidators 1/6/99 Universal/Petters 91,106.36 Wire
Liquidators 1/8/99 Universal/Petters 201,290.38 Wire
Liquidators 1/11/99 Universal/Petters 98,998.49 Wire
Liquidators 1/12/99 Universal/Petters 415,486.76 Wire
Liquidators 1/13/99 Universal/Petters 68,686.38 Wire
Liquidators 1/14/99 Universal/Petters 78,054.48 Wire
Liquidators 1/15/99 Universal/Petters 35,289.81 Wire
Liquidators 1/19/99 Universal/Petters 84,957.59 Wire
Liquidators 1/20/99 Universal/Petters 700,957.22 Wire
Liquidators 1/21/99 Universal/Petters 68,079.33 Wire
Liquidators 1/22/99 Universal/Petters 77,833.79 Wire
Liquidators 1/25/99 Universal/Petters 60,604.33 Wire
Liquidators 1/27/99 Universal/Petters 462,625.71 Wire
Liquidators 1/28/99 Universal/Petters 25,487.62 Wire
Liquidators 1/29/99 Universal/Petters 22,510.75 Wire
---------------
Total Liquidators 3,102,455.97
---------------
Payroll 1/7/99 ADP 2,713.28 ACH
Payroll 1/14/99 ADP 158,493.45 ACH
Payroll 1/15/99 ADP 27,716.56 ACH
Payroll 1/28/99 ADP 224,902.18 ACH
----------------
Total Payroll 413,825.47
----------------
</TABLE>
1 of 2
<PAGE> 21
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
DEBTORS IN POSSESSION
CASE NO. 98-2107 AND 98-2109
FOR THE MONTH ENDING JANUARY 30, 1999
(COVERING THE PERIOD JANUARY 3, 1999 THROUGH JANUARY 30, 1999)
MOR-4 SUPPORTING SCHEDULE
SUMMARY OF ACH AND WIRE TRANSFERS DURING PERIOD
<TABLE>
<CAPTION>
Type Date Vendor Amount ACH/Wire
---- ---- ------ ------ --------
<S> <C> <C> <C> <C>
Professional 1/13/99 Business Regeneration 137,646.32 Wire
----------------
Total Professional 137,646.32
----------------
Rent 1/8/99 Anchor Sun Ltd Partnership 38,618.75 Wire
----------------
Total Rent 38,618.75
----------------
Term Loan 1/7/99 Bank Boston 365,000.00 Wire
----------------
Total Term Loan 365,000.00
----------------
Sales Tax 1/20/99 PA Sales Tax 127,339.83 ACH
Sales Tax 1/25/99 Kentucky Sales Tax 536.77 ACH
Sales Tax 1/25/99 Ohio Sales Tax 983,431.44 ACH
----------------
Total Sales Tax 1,111,308.04
----------------
Workers Comp 1/7/99 M&N Risk Management 22,535.43 ACH
Workers Comp 1/27/99 M&N Risk Management 16,013.26 ACH
----------------
Total Workers Compensation 38,548.69
----------------
TOTAL WIRE AND ACH TRANSFERS 5,625,787.00
================
</TABLE>
2 of 2
<PAGE> 22
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
DEBTORS-IN-POSSESSION
CASE NO. 98-2107 AND 98-2109
JANUARY 1999 MONTHLY OPERATING REPORT
SUPPORTING SCHEDULES FOR MOR-4
DETAIL LISTING OF CHECKS WRITTEN
<PAGE> 23
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
(Debtors-in-Possession)
Case No. 98-2107 and 98-2109
MOR-4 SUPPORTING SCHEDULE
POST-PETITION CHECKS FOR THE PERIOD 1/3/99 THROUGH 1/30/99
(Associate payroll checks are not included)
<TABLE>
<CAPTION>
- ---------------------------
Check Date
- ---------------------------
YEAR MON DAY CHECK# PAYEE TYPE AMOUNT
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
99 1 12 712551 AEI MUSIC NETWORK INC. Advertising 1,049.68
99 1 22 712717 S K ADVERTISING Advertising 14,000.00
99 1 22 712720 S K ADVERTISING Advertising 115.72
99 1 13 712607 TCI CABLE ADVERTISING Advertising 691.63
99 1 5 712498 WJET TV Advertising 1,024.25
99 1 5 712459 WVVA TELEVISION Advertising 1,944.80
- ------------------------------------------------------------------------------------------------------------------------------------
Advertising 18,826.08
- ------------------------------------------------------------------------------------------------------------------------------------
99 1 12 712594 ASSOCIATED ELECTRONICS Contract Labor 5,146.93
99 1 11 712525 MID-WEST INDUSTRIES INC Contract Labor 1,038.00
99 1 5 712495 TRUFORM GRAPHICS,INC Contract Labor 1,057.50
- ------------------------------------------------------------------------------------------------------------------------------------
Contract Labor 7,242.43
- ------------------------------------------------------------------------------------------------------------------------------------
99 1 11 712532 CHET WILSON Employee Advance 120.00
99 1 5 712500 CRAIG MIDDLEMUS Employee Advance 200.00
99 1 15 712638 GLENN WHITAKER Employee Advance 200.00
99 1 11 712533 JEFF HAYDEN Employee Advance 120.00
99 1 22 712724 JENNIFER LEMASTER Employee Advance 300.00
- ------------------------------------------------------------------------------------------------------------------------------------
Employee Advance 940.00
- ------------------------------------------------------------------------------------------------------------------------------------
99 1 29 712799 EUROPEAN AMERICAN BANK Equipment Rental 15,004.89
99 1 29 712800 FIFTH THIRD BANK Equipment Rental 15,730.33
- ------------------------------------------------------------------------------------------------------------------------------------
Equipment Rental 30,735.22
- ------------------------------------------------------------------------------------------------------------------------------------
99 1 22 712726 IAR, INC Furniture & Equipment 15,000.00
- ------------------------------------------------------------------------------------------------------------------------------------
Furniture & Equipment 15,000.00
- ------------------------------------------------------------------------------------------------------------------------------------
99 1 19 712691 CHAPTER 13 TRUSTEE Garnishments 401.08
99 1 27 712767 CHAPTER 13 TRUSTEE Garnishments 401.08
99 1 19 712692 FRANKLIN COUNTY C S E A Garnishments 606.85
99 1 27 712768 FRANKLIN COUNTY C S E A Garnishments 606.85
99 1 19 712694 PHEAA Garnishments 94.15
99 1 27 712770 PHEAA Garnishments 94.15
99 1 19 712693 PICKAWAY COUNTY C S E A Garnishments 132.60
99 1 27 712769 PICKAWAY COUNTY C S E A Garnishments 132.60
- ------------------------------------------------------------------------------------------------------------------------------------
Garnishments 2,469.36
- ------------------------------------------------------------------------------------------------------------------------------------
99 1 14 712628 MEDICAL LIFE INSURANCE CO Insurance 3,822.05
99 1 28 712785 UNUM LIFE INS CO OF AMERICA Insurance 3,220.00
- ------------------------------------------------------------------------------------------------------------------------------------
Insurance 7,042.05
- ------------------------------------------------------------------------------------------------------------------------------------
99 1 28 712775 CITY OF BARBOURSVILLE Mercantile Tax 10,597.94
99 1 28 712779 CITY OF BECKLEY Mercantile Tax 8,630.57
99 1 28 712778 CITY OF CHARLESTON Mercantile Tax 12,601.32
99 1 28 712777 CITY OF PARKERSBURG Mercantile Tax 9,114.64
99 1 28 712780 JORDAN TAX SERVICE, INC Mercantile Tax 1,434.71
99 1 28 712776 LEGAL TAX SERVICE Mercantile Tax 1,434.71
99 1 28 712784 LILLIAN H TRAUTMAN COLLECTOR Mercantile Tax 1,808.26
99 1 28 712783 SCOTT TOWNSHIP Mercantile Tax 872.54
- ------------------------------------------------------------------------------------------------------------------------------------
Mercantile Tax 46,494.69
- ------------------------------------------------------------------------------------------------------------------------------------
99 1 8 712516 CASIO INC Merchandise 149,697.19
99 1 12 712596 DISCIPLINE MARKETING INC Merchandise 54,850.50
- ------------------------------------------------------------------------------------------------------------------------------------
Merchandise 204,547.69
- ------------------------------------------------------------------------------------------------------------------------------------
99 1 12 712592 BARB VAZQUEZ Miscellaneous 86.79
99 1 12 712576 BOB & BOB DOOR CO Miscellaneous 70.00
99 1 19 712668 BT OFFICE PRODUCTS INT'L, INC. Miscellaneous 22.06
99 1 11 712519 BUCKEYE BUSINESS PRODUCTS Miscellaneous 299.55
99 1 19 712657 BUCKEYE BUSINESS PRODUCTS Miscellaneous 146.40
99 1 5 712460 DIGITAL EQUIPMENT CO Miscellaneous 273.49
99 1 19 712658 FAIRFIELD INN BY MARRIOTT Miscellaneous 3,771.03
99 1 29 712802 GORDON FLESCH CO INC Miscellaneous 108.42
99 1 12 712575 HARBINGER CORPORATION Miscellaneous 56.87
99 1 28 712781 MERRILL LYNCH (401K) Miscellaneous 17,121.96
99 1 12 712547 OTIS ELEVATOR COMPANY Miscellaneous 327.95
99 1 5 712479 SONSHINE CLEANING Miscellaneous 2,250.00
99 1 22 712712 SUZANNE HARRINGTON ENTERPRISES Miscellaneous 264.70
99 1 5 712455 TRAVEL PLEX EAST Miscellaneous 826.00
99 1 22 712722 TRAVEL PLEX EAST Miscellaneous 718.00
</TABLE>
1 of 5
<PAGE> 24
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
(Debtors-in-Possession)
Case No. 98-2107 and 98-2109
MOR-4 SUPPORTING SCHEDULE
POST-PETITION CHECKS FOR THE PERIOD 1/3/99 THROUGH 1/30/99
(Associate payroll checks are not included)
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
99 1 11 712527 TURF PRO Miscellaneous 2,273.64
99 1 13 712618 WHOLESALE PETTY CASH Miscellaneous 1,369.27
99 1 13 712620 WHOLESALE PETTY CASH Miscellaneous 2,290.00
- ------------------------------------------------------------------------------------------------------------------------------------
Miscellaneous 32,276.13
- ------------------------------------------------------------------------------------------------------------------------------------
99 1 12 712546 AUTOMATIC DATA PROCESSING Payroll 492.07
99 1 19 712656 AUTOMATIC DATA PROCESSING Payroll 510.37
99 1 22 712703 AUTOMATIC DATA PROCESSING Payroll 1,653.86
99 1 27 712754 AUTOMATIC DATA PROCESSING Payroll 412.95
- ------------------------------------------------------------------------------------------------------------------------------------
Payroll 3,069.25
- ------------------------------------------------------------------------------------------------------------------------------------
99 1 27 712761 FRANK MURGIA, TAX COLLECTOR Payroll Taxes 200.00
99 1 27 712759 HAB-OPT Payroll Taxes 117.60
99 1 27 712757 HARRY E. EBLING & ASSOCIATES Payroll Taxes 10.00
99 1 27 712760 JORDAN TAX SERVICE, INC Payroll Taxes 49.00
99 1 27 712755 LAURA KEISLING COLLECTOR Payroll Taxes 110.00
99 1 27 712756 LEGAL TAX SERVICE Payroll Taxes 49.00
99 1 27 712758 NORTH CORNWALL TOWNSHIP Payroll Taxes 19.60
99 1 27 712762 NORTH HILLS SCHOOL DISTRICT Payroll Taxes 40.00
99 1 27 712763 SCOTT TOWNSHIP Payroll Taxes 9.80
99 1 27 712765 SPECIAL TAX COLLECTOR Payroll Taxes 30.00
99 1 27 712764 SUMMIT TOWNSHIP TAX COLLECTOR Payroll Taxes 60.00
- ------------------------------------------------------------------------------------------------------------------------------------
Payroll Taxes 695.00
- ------------------------------------------------------------------------------------------------------------------------------------
99 1 25 712743 APPLE DIRECT MAIL SERVICES LTD Postage 16,500.00
99 1 26 712752 CPMM SERVICES GROUP Postage 2,520.00
99 1 14 712626 FEDERAL EXPRESS Postage 13.75
99 1 14 712630 FEDERAL EXPRESS Postage 10.75
99 1 25 712745 FEDERAL EXPRESS Postage 17.25
99 1 28 712786 FEDERAL EXPRESS Postage 17.25
99 1 28 712772 QUIKPRO COURIER Postage 57.50
99 1 28 712796 UNITED PARCEL SERVICE Postage 77.00
- ------------------------------------------------------------------------------------------------------------------------------------
Postage 19,213.50
- ------------------------------------------------------------------------------------------------------------------------------------
99 1 5 712499 BOWNE OF CLEVELAND INC Professional 1,726.90
99 1 22 712715 BOWNE OF CLEVELAND INC Professional 998.28
99 1 11 712520 COOPERS & LYBRAND Professional 2,925.00
99 1 12 712565 CREDIT BUREAU OF COL INC Professional 15.86
99 1 11 712528 CT CORPORATION SYSTEM Professional 545.00
99 1 5 712502 DAVID L BETZ ARCHITECT INC Professional 200.00
99 1 11 712522 DONLIN RECANO & COMPANY, INC. Professional 42,410.94
99 1 11 712523 ERNST & YOUNG LLP Professional 69,001.40
99 1 28 712782 MAPSYS INC Professional 10,362.00
99 1 4 712453 MELROSE CONSULTING Professional 11,853.70
99 1 5 712463 MERRILL LYNCH,PIERCE,FENNER & Professional 272.48
99 1 11 712521 OPEN TECHNOLOGY GROUP INC Professional 11,328.00
99 1 22 712711 OPEN TECHNOLOGY GROUP INC Professional 7,257.00
99 1 26 712748 OPEN TECHNOLOGY GROUP INC Professional 9,261.00
99 1 5 712514 OTTERBOURG,STEINDLER,HOUSTON & Professional 80,736.55
99 1 5 712478 PEPPER HAMILTON LLP Professional 10,860.73
99 1 22 712714 PR NEWSWIRE Professional 888.75
99 1 12 712591 PRODATA COMPUTER SERVICES INC Professional 159.00
99 1 19 712669 ROBINSON & MCELWEE LLP Professional 388.28
99 1 5 712493 SOPHISTICATED SYSTEMS INC Professional 1,540.00
99 1 12 712598 YOUNG CONAWAY STARGATT & Professional 9,883.00
- ------------------------------------------------------------------------------------------------------------------------------------
Professional 272,613.87
- ------------------------------------------------------------------------------------------------------------------------------------
99 1 11 712524 BOBBIE M HALL Property Taxes 24,565.14
99 1 13 712603 BOBBIE M HALL Property Taxes 135,765.91
99 1 13 712602 ELLIS D MEREDITH, TREASURER Property Taxes 5,495.63
99 1 13 712601 STEPHEN T METZGER, TREASURER Property Taxes 12,769.95
99 1 13 712604 TRUMBULL COUNTY TREASURER Property Taxes 7,469.39
- ------------------------------------------------------------------------------------------------------------------------------------
Property Taxes 186,066.02
- ------------------------------------------------------------------------------------------------------------------------------------
99 1 12 712535 BROOKLOR,LLC Rent 84,669.44
99 1 12 712537 COLONY SQUARE OF MAYFIELD Rent 21,421.77
99 1 15 712640 EARLE W KAZIS ASSOCIATES INC Rent 15,528.00
99 1 12 712536 FRANKLIN SQUARE Rent 25,920.42
99 1 11 712518 HUNTINGTON MALL Rent 11,294.88
99 1 22 712718 LOMAX REALTY LLC Rent 464.52
</TABLE>
2 of 5
<PAGE> 25
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
(Debtors-in-Possession)
Case No. 98-2107 and 98-2109
MOR-4 SUPPORTING SCHEDULE
POST-PETITION CHECKS FOR THE PERIOD 1/3/99 THROUGH 1/30/99
(Associate payroll checks are not included)
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
99 1 12 712538 MET LIFE CFC Rent 25,560.50
99 1 12 712539 PARK ASSOCIATES Rent 49,279.34
99 1 12 712540 ROSEMONT COMMONS LIMITED Rent 27,462.86
99 1 12 712542 WAL MART STORES INC Rent 18,418.12
99 1 12 712541 WASHINGTON PLAZA Rent 14,846.63
- ------------------------------------------------------------------------------------------------------------------------------------
Rent 294,866.48
- ------------------------------------------------------------------------------------------------------------------------------------
99 1 29 712798 DEPT. OF TAX AND REVENUE Sales Tax 223,119.89
99 1 20 712696 INDIANA DEPARTMENT OF REVENUE Sales Tax 21,653.35
99 1 20 712697 VIRGINIA DEPT OF TAXATION Sales Tax 16,371.18
- ------------------------------------------------------------------------------------------------------------------------------------
Sales Tax 261,144.42
- ------------------------------------------------------------------------------------------------------------------------------------
99 1 18 712644 BROOKS ARMORED CAR SERVICE,INC Security 206.46
99 1 12 712582 METROPOLITAN ARMORED CAR INC Security 1,665.60
- ------------------------------------------------------------------------------------------------------------------------------------
Security 1,872.06
- ------------------------------------------------------------------------------------------------------------------------------------
99 1 19 712655 ARAMARK UNIFORM SERVICES INC Uniforms 46.82
- ------------------------------------------------------------------------------------------------------------------------------------
Uniforms 46.82
- ------------------------------------------------------------------------------------------------------------------------------------
99 1 5 712497 WHIRLPOOL FINANCIAL CORP Unsecured Committee 1,319.99
- ------------------------------------------------------------------------------------------------------------------------------------
Unsecured Committee 1,319.99
- ------------------------------------------------------------------------------------------------------------------------------------
99 1 22 712706 AIRTOUCH PAGING Utilities 459.55
99 1 5 712457 AKRON PUBLIC UTILITIES BUREAU Utilities 50.39
99 1 12 712549 ALLEGHENY POWER Utilities 2,627.70
99 1 12 712545 ALLTEL OHIO INC Utilities 587.41
99 1 5 712471 AMERICAN ELECTRIC POWER Utilities 15,373.58
99 1 5 712487 AMERICAN ELECTRIC POWER Utilities 3,144.08
99 1 11 712530 AMERICAN ELECTRIC POWER Utilities 103.13
99 1 12 712544 AMERICAN ELECTRIC POWER Utilities 4,022.28
99 1 12 712564 AMERICAN ELECTRIC POWER Utilities 906.89
99 1 18 712652 AMERICAN ELECTRIC POWER Utilities 3,228.64
99 1 19 712671 AMERICAN ELECTRIC POWER Utilities 5,192.66
99 1 19 712681 AMERICAN ELECTRIC POWER Utilities 10,841.93
99 1 22 712708 AMERICAN ELECTRIC POWER Utilities 5,192.66
99 1 25 712728 AMERICAN ELECTRIC POWER Utilities 7,377.06
99 1 25 712736 AMERICAN ELECTRIC POWER Utilities 2,937.04
99 1 5 712486 AMERITECH Utilities 1,506.61
99 1 12 712558 AMERITECH Utilities 2,079.70
99 1 12 712587 AMERITECH Utilities 9,198.46
99 1 18 712642 AMERITECH Utilities 79.95
99 1 22 712713 AMERITECH Utilities 4,031.47
99 1 25 712729 AMERITECH Utilities 43.94
99 1 22 712704 AMERITECH CABS ACCOUNTS Utilities 3,911.83
99 1 28 712774 AT & T Utilities 12,347.63
99 1 18 712646 AT & T WIRELESS SERVICES Utilities 125.63
99 1 19 712674 AURORA UTILITIES Utilities 108.89
99 1 22 712710 AURORA UTILITIES Utilities 108.89
99 1 25 712730 BECKLEY WATER COMPANY Utilities 98.72
99 1 5 712472 BELL ATLANTIC WV Utilities 5,393.94
99 1 12 712568 BELL ATLANTIC WV Utilities 4,488.31
99 1 5 712465 BELL ATLANTIC-PA Utilities 574.07
99 1 12 712552 BELL ATLANTIC-PA Utilities 28.92
99 1 18 712643 BELL ATLANTIC-PA Utilities 585.12
99 1 5 712464 BROWNING FERRIS INC Utilities 166.06
99 1 5 712476 CABLE & WIRELESS INC Utilities 45.32
99 1 22 712709 CHILLICOTHE TELEPHONE CO Utilities 950.81
99 1 25 712737 CHILLICOTHE UTILITIES Utilities 193.27
99 1 5 712474 CINCINNATI BELL TELEPHONE Utilities 1,287.68
99 1 12 712573 CINCINNATI BELL TELEPHONE Utilities 1,342.65
99 1 12 712571 CINCINNATI WATER WORKS Utilities 299.08
99 1 18 712650 CINCINNATI WATER WORKS Utilities 259.60
99 1 25 712732 CINERGY PSI Utilities 1,822.05
99 1 19 712673 CITY OF CHARLESTON Utilities 209.38
99 1 5 712475 CITY OF CUYAHOGA FALLS Utilities 136.98
99 1 12 712574 CITY OF CUYAHOGA FALLS Utilities 958.05
99 1 25 712733 CITY OF HAMILTON-UTILITIES Utilities 3,522.76
99 1 12 712562 CITY OF HEATH-WATER&SEW Utilities 96.42
99 1 12 712566 CITY OF N CANTON PUBLIC UTLTS Utilities 68.00
</TABLE>
3 of 5
<PAGE> 26
<TABLE>
<CAPTION>
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
(Debtors-in-Possession)
Case No. 98-2107 and 98-2109
MOR-4 SUPPORTING SCHEDULE
POST-PETITION CHECKS FOR THE PERIOD 1/3/99 THROUGH 1/30/99
(Associate payroll checks are not included)
<S> <C> <C> <C> <C> <C>
99 1 12 712567 CITY OF STEUBENVILLE UTLT OFFC Utilities 26.32
99 1 19 712672 CITY OF WARREN UTILITY SERVICE Utilities 58.14
99 1 18 712645 COLUMBIA GAS OF KENTUCKY Utilities 433.26
99 1 5 712470 COLUMBIA GAS OF OHIO-COLUMBUS Utilities 1,078.39
99 1 12 712563 COLUMBIA GAS OF OHIO-COLUMBUS Utilities 14,832.66
99 1 14 712624 COLUMBIA GAS OF OHIO-COLUMBUS Utilities 1,506.84
99 1 19 712670 COLUMBIA GAS OF OHIO-COLUMBUS Utilities 596.58
99 1 22 712707 COLUMBIA GAS OF OHIO-COLUMBUS Utilities 280.50
99 1 25 712735 COLUMBIA GAS OF OHIO-COLUMBUS Utilities 2,067.95
99 1 26 712747 COLUMBIA GAS OF OHIO-COLUMBUS Utilities 1,846.88
99 1 12 712570 COLUMBIA GAS OF PENNSYLVANIA Utilities 69.21
99 1 25 712738 COLUMBIA GAS OF PENNSYLVANIA Utilities 1,151.77
99 1 18 712648 COLUMBUS CITY TREASURER Utilities 284.11
99 1 25 712734 COLUMBUS CITY TREASURER Utilities 573.41
99 1 12 712556 COLUMBUS CITY UTILITIES Utilities 26.45
99 1 5 712489 CONSUMERS OHIO WATER COMPANY Utilities 36.36
99 1 12 712588 CONSUMERS OHIO WATER COMPANY Utilities 104.92
99 1 18 712653 CONSUMERS OHIO WATER COMPANY Utilities 183.31
99 1 5 712477 DIVISION OF WATER Utilities 117.16
99 1 5 712480 EAST OHIO GAS CO Utilities 164.62
99 1 12 712578 EAST OHIO GAS CO Utilities 1,612.34
99 1 19 712675 EAST OHIO GAS CO Utilities 312.77
99 1 26 712749 EAST OHIO GAS CO Utilities 830.82
99 1 12 712577 EQUITABLE GAS CO Utilities 430.77
99 1 5 712481 ERIE COUNTY WATER AUTHORITY Utilities 86.58
99 1 19 712676 ERIE COUNTY WATER AUTHORITY Utilities 54.00
99 1 12 712579 FLORENCE WATER AND SEWER COMM Utilities 131.30
99 1 12 712554 FRANKFORT ELECTRIC & WATER Utilities 359.88
99 1 5 712490 GPU ENERGY Utilities 3,173.24
99 1 12 712589 GPU ENERGY Utilities 3,533.56
99 1 13 712606 GPU ENERGY Utilities 9,883.00
99 1 19 712683 GPU ENERGY Utilities 799.68
99 1 22 712705 GREEN RIVER ELECTRIC CO Utilities 1,314.08
99 1 5 712482 GTE NORTH Utilities 1,767.26
99 1 12 712580 GTE NORTH Utilities 3,400.21
99 1 19 712677 HIGHLAND SEWER & WATER ATHRTY Utilities 74.49
99 1 12 712553 ICG TELECOM GROUP, INC Utilities 596.20
99 1 5 712466 INDIANA GAS CO Utilities 205.61
99 1 18 712647 KENTUCKY UTILITIES CO Utilities 320.53
99 1 5 712462 LANCASTER UTILITIES COLLECTION Utilities 550.33
99 1 5 712461 LEGAL TAX SERVICE Utilities 75.02
99 1 12 712572 LIMA CITY TREASURER Utilities 213.52
99 1 12 712581 MAHONING CTY SNTRY ENGINEER Utilities 49.55
99 1 18 712651 MARION COUNTY Utilities 35.72
99 1 12 712559 MORRISTOWN POWER & WATER SYS Utilities 1,257.52
99 1 5 712484 MOUNTAINEER GAS Utilities 494.25
99 1 12 712583 MOUNTAINEER GAS Utilities 278.03
99 1 5 712485 N E O R S D Utilities 105.95
99 1 19 712680 NATIONAL FUEL Utilities 1,676.04
99 1 19 712679 NATIONAL GAS & OIL CORP Utilities 256.50
99 1 25 712739 NATIONAL GAS & OIL CORP Utilities 109.11
99 1 12 712586 NIAGARA MOHAWK Utilities 3,758.32
99 1 25 712731 NORTH BECKLEY PUBLIC SERVICE Utilities 96.10
99 1 12 712584 NORTH PITTSBURGH TELEPHONE CO Utilities 619.81
99 1 12 712560 NORTHERN KENTUCKY WATER SRVCE Utilities 50.76
99 1 12 712585 NYSEG Utilities 5,537.47
99 1 5 712488 OHIO EDISON CO Utilities 7,925.87
99 1 19 712682 OHIO EDISON CO Utilities 3,406.68
99 1 25 712740 OHIO EDISON CO Utilities 2,835.28
99 1 12 712557 OWENSBORO MUNICIPAL UTILITIES Utilities 225.62
99 1 5 712491 PNGCO Utilities 258.21
99 1 12 712590 PNGCO Utilities 1,134.74
99 1 19 712684 PNGCO Utilities 409.48
99 1 12 712555 PP & L Utilities 3,090.74
</TABLE>
4 of 5
<PAGE> 27
<TABLE>
<CAPTION>
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
(Debtors-in-Possession)
Case No. 98-2107 and 98-2109
MOR-4 SUPPORTING SCHEDULE
POST-PETITION CHECKS FOR THE PERIOD 1/3/99 THROUGH 1/30/99
(Associate payroll checks are not included)
<S> <C> <C> <C> <C> <C>
99 1 12 712561 RICHMOND WATER GAS & SEWERAGE Utilities 148.28
99 1 5 712494 SOUTH CENTRAL POWER CO. Utilities 24,442.69
99 1 5 712458 SPRINT Utilities 1,314.48
99 1 12 712548 SPRINT Utilities 941.67
99 1 5 712492 SUMMIT TWNSHP SEWER AUTHORITY Utilities 66.45
99 1 5 712473 THE CINCINNATI GAS & ELECTRIC Utilities 2,344.63
99 1 12 712569 THE CINCINNATI GAS & ELECTRIC Utilities 370.65
99 1 18 712649 THE CINCINNATI GAS & ELECTRIC Utilities 91.13
99 1 5 712483 THE ILLUMINATING COMPANY Utilities 5,072.62
99 1 19 712678 THE ILLUMINATING COMPANY Utilities 1,660.92
99 1 25 712741 THE MUNICIPAL AUTHORITY OF THE Utilities 35.89
99 1 5 712496 THE U.L.H.&P. CO. Utilities 21.84
99 1 5 712469 UGI UTILITIES INC Utilities 92.08
99 1 5 712468 UNITED CITIES GAS COMPANY Utilities 32.81
99 1 19 712685 VILLAGE OF ONTARIO Utilities 184.28
99 1 26 712750 WASTE MANAGEMENT INC Utilities 10,910.55
99 1 5 712467 WESTERN KENTUCKY GAS COMPANY Utilities 67.93
- ------------------------------------------------------------------------------------------------------------------------------------
Utilities 254,689.87
- ------------------------------------------------------------------------------------------------------------------------------------
99 1 12 712550 THE PMA GROUP Workers Comp 1,926.71
- ------------------------------------------------------------------------------------------------------------------------------------
Workers Comp 1,926.71
- ------------------------------------------------------------------------------------------------------------------------------------
99 1 5 712506 ALTMAN, ROBERT L Employee Expenses 25.36
99 1 19 712663 ANDERSON,CHRISTOPHER J Employee Expenses 62.80
99 1 21 712699 BALL,PATTY Employee Expenses 187.10
99 1 28 712788 BALL,PATTY Employee Expenses 14.20
99 1 5 712510 BARKER, PETER B Employee Expenses 71.85
99 1 13 712613 BARKER,PETER B Employee Expenses 70.89
99 1 28 712793 BARKER,PETER B Employee Expenses 361.67
99 1 21 712701 ENGIN,OGUZHAN Employee Expenses 2,109.56
99 1 28 712789 GALL,CINDI L Employee Expenses 13.00
99 1 5 712511 HAYDEN,JEFFREY P Employee Expenses 258.09
99 1 13 712614 HAYDEN,JEFFREY P Employee Expenses 334.63
99 1 19 712665 HAYDEN,JEFFREY P Employee Expenses 391.48
99 1 19 712661 KERLIK,MICHAEL Employee Expenses 55.18
99 1 19 712662 KOEHLER,CHAD S Employee Expenses 307.40
99 1 14 712622 LARIMER,MICHAEL G Employee Expenses 174.90
99 1 13 712615 LONG,MICHAEL G. Employee Expenses 46.00
99 1 19 712664 MAY,DENNIS LEE Employee Expenses 163.59
99 1 28 712791 MAY,DENNIS LEE Employee Expenses 818.99
99 1 5 712508 MIDDLEMUS,CRAIG STEWART Employee Expenses 28.94
99 1 21 712700 ROMERO,JAMES G Employee Expenses 164.92
99 1 28 712792 SAVAGE,BETH A Employee Expenses 1,559.74
99 1 13 712609 WANG,XIAO QIU Employee Expenses 26.96
99 1 5 712509 WEBB,SANDRA M Employee Expenses 24.05
99 1 5 712504 WEIGHTMAN,ROBERT W Employee Expenses 31.56
99 1 13 712611 WEIGHTMAN,ROBERT W Employee Expenses 21.03
99 1 28 712790 WEIGHTMAN,ROBERT W Employee Expenses 8.82
99 1 5 712512 WILSON,CHESTER J Employee Expenses 30.18
99 1 13 712616 WILSON,CHESTER J Employee Expenses 66.19
99 1 19 712666 WILSON,CHESTER J Employee Expenses 142.49
99 1 28 712794 WILSON,CHESTER J Employee Expenses 87.21
- ------------------------------------------------------------------------------------------------------------------------------------
Employee Expenses 7,658.78
- ------------------------------------------------------------------------------------------------------------------------------------
TOTAL POST-PETITION CHECKS SENT $1,670,756.42
TOTAL VOIDS 218,466.56
TOTAL POST-PETITION CHECKS CUT $1,889,222.98
</TABLE>
5 of 5
<PAGE> 28
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
DEBTORS-IN-POSSESSION
CASE NO. 98-2107 AND 98-2109
JANUARY 1999 MONTHLY OPERATING REPORT
SUPPORTING SCHEDULE FOR MOR-5
PAYROLL TAXES -- FOR JANUARY 1999
<PAGE> 29
<TABLE>
<CAPTION>
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
(DEBTORS-IN-POSSESSION)
CASE NO. 98-2107 AND 98-2109
MOR-5 SUPPORTING SCHEDULE
PAYROLL TAXES PAYMENT - SUPPORTING DOCUMENTATION
FOR THE MONTH ENDING JANUARY 30, 1999
Deposit Federal Employee Employer
Date Income Tax FICA Tax FICA Tax Totals
----------------- ------------------ ----------------- ----------------- -----------------
<S> <C> <C> <C> <C> <C>
20-Jan-99 $26,938.98 $11,127.03 $11,126.99 $49,193.00
21-Jan-99 $7,035.22 $1,965.62 $1,965.62 $10,966.46
02-Feb-99 $37,919.37 $25,920.33 $25,920.43 $89,760.13
------------------ ----------------- ----------------- -----------------
$71,893.57 $39,012.98 $39,013.04 $149,919.59
================== ================= ================= =================
</TABLE>
<PAGE> 30
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
DEBTORS-IN-POSSESSION
CASE NO. 98-2107 AND 98-2109
JANUARY 1999 MONTHLY OPERATING REPORT
SUPPORTING SCHEDULES FOR MOR-6
DECEMBER 1998 BANK RECONCILIATIONS
<PAGE> 31
<TABLE>
<CAPTION>
Debtor: Case No. 98-02107
Sun Television and Appliances, Inc. MOR-6 Supporting Schedule and 98-02109
Sun TV and Appliances, Inc. December Bank Reconciliations Jointly Administered
A. BANK: THE OHIO BANK PNC PNC PNC
B. ACCOUNT NUMBER: 7067480 00-0103-5619 10-0120-8537 00-0113-4510
C. PURPOSE (TYPE): STORE DEPOSITS STORE DEPOSITS STORE DEPOSITS STORE DEPOSITS
<S> <C> <C> <C> <C>
1. BALANCE PER BANK STATEMENT 16,495.71 -- 3,433.06 --
2. ADD: TOTAL DEPOSITS NOT CREDITED 14,838.27 -- -- --
3. ADD: OUTSTANDING WIRE TRANSFERS -- -- -- --
4. SUBTRACT: OUTSTANDING CHECKS N/A N/A N/A N/A
5. SUBTRACT: OUTSTANDING WIRE TRANSFERS . (3,000.00) -- -- --
6. OTHER RECONCILING ITEMS -- -- -- --
7. ADJUSTED BANK BALANCE 28,333.98 -- 3,433.06 --
8. MONTH END BALANCE PER BOOKS 29,197.78 (1,426.33) (1,016.55) (1,790.63)
9. LESS: NSF CHECKS (771.86) -- -- --
10. LESS: BANK/CREDIT CARD FEES (82.55) (317.06) -- (134.06)
11. ADD/(LESS): DEPOSIT DIFFERENCES (9.39) 124.27 (725.00) 1.92
12. OTHER RECONCILING ITEMS (ATTACH LIST) -- 1,619.12 5,174.61 1,922.77
13. ADJUSTED BALANCE PER BOOKS 28,333.98 -- 3,433.06 --
14. NUMBER OF LAST CHECK WRITTEN N/A N/A N/A N/A
</TABLE>
1 of 9
<PAGE> 32
<TABLE>
<CAPTION>
Debtor: Case No. 98-02107
Sun Television and Appliances, Inc. MOR-6 Supporting Schedule and 98-02109
Sun TV and Appliances, Inc. December Bank Reconciliations Jointly Administered
A. BANK: PNC PNC BANK ONE PNC
B. ACCOUNT NUMBER: 00-0109-3405 00-0107-5987 021012644 61-0169-0677
C. PURPOSE (TYPE): STORE DEPOSITS STORE DEPOSITS STORE DEPOSITS STORE DEPOSITS
<S> <C> <C> <C> <C>
1. BALANCE PER BANK STATEMENT -- 31,390.54 46,008.10 86,455.90
2. ADD: TOTAL DEPOSITS NOT CREDITED -- -- 10,776.04 24,647.83
3. ADD: OUTSTANDING WIRE TRANSFERS -- -- -- --
4. SUBTRACT: OUTSTANDING CHECKS N/A N/A N/A N/A
5. SUBTRACT: OUTSTANDING WIRE TRANSFERS . -- -- (8,000.00) (7,000.00)
6. OTHER RECONCILING ITEMS -- -- -- --
7. ADJUSTED BANK BALANCE -- 31,390.54 48,784.14 104,103.73
8. MONTH END BALANCE PER BOOKS 1,312.96) 2,800.60 50,517.57 105,010.71
9. LESS: NSF CHECKS -- (3,762.81) (1,590.01) (618.88)
10. LESS: BANK/CREDIT CARD FEES (193.90) (278.36) (212.50) (288.84)
11. ADD/(LESS): DEPOSIT DIFFERENCES 3.00 826.91 69.08 0.74
12. OTHER RECONCILING ITEMS (ATTACH LIST) 1,503.86 31,804.20 -- --
13. ADJUSTED BALANCE PER BOOKS -- 31,390.54 48,784.14 104,103.73
14. NUMBER OF LAST CHECK WRITTEN N/A N/A N/A N/A
</TABLE>
2 of 9
<PAGE> 33
<TABLE>
<CAPTION>
Debtor: Case No. 98-02107
Sun Television and Appliances, Inc. MOR-6 Supporting Schedule and 98-02109
Sun TV and Appliances, Inc. December Bank Reconciliations Jointly Administered
A. BANK: BANK ONE WEST WESBANCO HUNTINGTON KEY BANK
B. ACCOUNT NUMBER: 625599303 310798542 1720307846 327210031446
C. PURPOSE (TYPE): STORE DEPOSITS STORE DEPOSITS STORE DEPOSITS STORE DEPOSITS
<S> <C> <C> <C> <C>
1. BALANCE PER BANK STATEMENT 31,872.03 8,099.26 - -
2. ADD: TOTAL DEPOSITS NOT CREDITED 22,843.53 15,380.70 - -
3. ADD: OUTSTANDING WIRE TRANSFERS -- -- - -
4. SUBTRACT: OUTSTANDING CHECKS N/A N/A N/A N/A
5. SUBTRACT: OUTSTANDING WIRE TRANSFERS . -- (3,000.00) (9,000.00) - -
6. OTHER RECONCILING ITEMS -- -- - -
7. ADJUSTED BANK BALANCE 51,715.56 14,479.96 - -
8. MONTH END BALANCE PER BOOKS 52,195.82 16,354.67 (747.42) (2,275.11)
9. LESS: NSF CHECKS -- (1,833.04) (211.77) -
10. LESS: BANK/CREDIT CARD FEES (41.15) (75.67) - (102.44)
11. ADD/(LESS): DEPOSIT DIFFERENCES (439.11) 34.00 - (4.05)
12. OTHER RECONCILING ITEMS (ATTACH LIST) -- -- 959.19 2,381.60
13. ADJUSTED BALANCE PER BOOKS 51,715.56 14,479.96 - -
14. NUMBER OF LAST CHECK WRITTEN N/A N/A N/A N/A
</TABLE>
3 of 9
<PAGE> 34
<TABLE>
<CAPTION>
Debtor: Case No. 98-02107
Sun Television and Appliances, Inc. MOR-6 Supporting Schedule and 98-02109
Sun TV and Appliances, Inc. December Bank Reconciliations Jointly Administered
A. BANK: HUNTINGTON FIFTH THIRD FIRST UNION FIFTH THIRD
B. ACCOUNT NUMBER: 1221021524 825-66496 2014194531699 821-81174
C. PURPOSE (TYPE): STORE DEPOSITS STORE DEPOSITS STORE DEPOSITS STORE DEPOSITS
<S> <C> <C> <C> <C>
1. BALANCE PER BANK STATEMENT 59,614.81 (20.89) 12,544.55 1.44
2. ADD: TOTAL DEPOSITS NOT CREDITED 63,879.85 -- -- --
3. ADD: OUTSTANDING WIRE TRANSFERS -- -- -- --
4. SUBTRACT: OUTSTANDING CHECKS N/A N/A N/A N/A
5. SUBTRACT: OUTSTANDING WIRE TRANSFERS . -- (13,000.00) -- -- --
6. OTHER RECONCILING ITEMS -- -- -- --
7. ADJUSTED BANK BALANCE 110,494.66 (20.89) 12,544.55 1.44
8. MONTH END BALANCE PER BOOKS 114,630.57 15.75 12,634.18 15.75
9. LESS: NSF CHECKS (3,934.93) -- -- --
10. LESS: BANK/CREDIT CARD FEES (90.44) (36.64) (89.63) (14.31)
11. ADD/(LESS): DEPOSIT DIFFERENCES (490.01) -- -- --
12. OTHER RECONCILING ITEMS (ATTACH LIST) 379.47 -- -- --
13. ADJUSTED BALANCE PER BOOKS 110,494.66 (20.89) 12,544.55 1.44
14. NUMBER OF LAST CHECK WRITTEN N/A N/A N/A N/A
</TABLE>
4 of 9
<PAGE> 35
<TABLE>
<CAPTION>
Debtor: Case No. 98-02107
Sun Television and Appliances, Inc. MOR-6 Supporting Schedule and 98-02109
Sun TV and Appliances, Inc. December Bank Reconciliations Jointly Administered
A. BANK: CRESTAR FIRST UNION PNC PNC
B. ACCOUNT NUMBER: 205349633 2050000257704 40-0077-2631 40-0077-2658
C. PURPOSE (TYPE): STORE DEPOSITS STORE DEPOSITS STORE DEPOSITS STORE DEPOSITS
<S> <C> <C> <C> <C>
1. BALANCE PER BANK STATEMENT -- 14,034.94 1,012.86 864.30
2. ADD: TOTAL DEPOSITS NOT CREDITED -- -- -- --
3. ADD: OUTSTANDING WIRE TRANSFERS -- -- -- --
4. SUBTRACT: OUTSTANDING CHECKS N/A N/A N/A N/A
5. SUBTRACT: OUTSTANDING WIRE TRANSFERS -- -- -- --
6. OTHER RECONCILING ITEMS -- -- -- --
7. ADJUSTED BANK BALANCE -- 14,034.94 1,012.86 864.30
8. MONTH END BALANCE PER BOOKS (3,162.90) 1,122.18 1,025.38 891.91
9. LESS: NSF CHECKS -- -- -- --
10. LESS: BANK/CREDIT CARD FEES (311.07) (88.34) (12.52) (27.61)
11. ADD/(LESS): DEPOSIT DIFFERENCES -- 1.10 -- --
12. OTHER RECONCILING ITEMS (ATTACH LIST 3,473.97 13,000.00 -- --
13. ADJUSTED BALANCE PER BOOKS -- 14,034.94 1,012.86 864.30
14. NUMBER OF LAST CHECK WRITTEN N/A N/A N/A N/A
</TABLE>
5 of 9
<PAGE> 36
<TABLE>
<CAPTION>
Debtor: Case No. 98-02107
Sun Television and Appliances, Inc. MOR-6 Supporting Schedule and 98-02109
Sun TV and Appliances, Inc. December Bank Reconciliations Jointly Administered
A. BANK: PNC IRWIN UNION UNION PLANTERS NATIONAL CITY
B. ACCOUNT NUMBER: 40-0077-2666 39658034 3077799 354073282
C. PURPOSE (TYPE): STORE DEPOSITS STORE DEPOSITS STORE DEPOSITS STORE DEPOSITS
<S> <C> <C> <C> <C>
1. BALANCE PER BANK STATEMENT 9,696.03 24,110.70 -- 14,587.21
2. ADD: TOTAL DEPOSITS NOT CREDITED -- -- -- --
3. ADD: OUTSTANDING WIRE TRANSFERS -- -- -- --
4. SUBTRACT: OUTSTANDING CHECKS N/A N/A N/A N/A
5. SUBTRACT: OUTSTANDING WIRE TRANSFERS -- -- -- --
6. OTHER RECONCILING ITEMS -- -- -- --
7. ADJUSTED BANK BALANCE 9,696.03 24,110.70 -- 14,587.21
8. MONTH END BALANCE PER BOOKS 9,696.08 1,692.21 15.00 14,750.24
9. LESS: NSF CHECKS -- (571.11) -- --
10. LESS: BANK/CREDIT CARD FEES (0.05) -- (15.00) (163.03)
11. ADD/(LESS): DEPOSIT DIFFERENCES -- (10.40) -- --
12. OTHER RECONCILING ITEMS (ATTACH LIST -- 23,000.00 -- --
13. ADJUSTED BALANCE PER BOOKS 9,696.03 24,110.70 -- 14,587.21
14. NUMBER OF LAST CHECK WRITTEN N/A N/A N/A N/A
</TABLE>
6 of 9
<PAGE> 37
<TABLE>
<CAPTION>
Debtor: Case No. 98-02107
Sun Television and Appliances, Inc. MOR-6 Supporting Schedule and 98-02109
Sun TV and Appliances, Inc. December Bank Reconciliations Jointly Administered
A. BANK: KEY BANK FIFTH THIRD BANKBOSTON BANKBOSTON
B. ACCOUNT NUMBER: 353661000201 748-32344 804-81979 898-28038
C. PURPOSE (TYPE): STORE DEPOSITS STORE DEPOSITS BBRF PROCEEDS CASH COLLATERAL
<S> <C> <C> <C> <C>
1. BALANCE PER BANK STATEMENT 8,441.39 3,684.89 74,908.00 16,460,769.95
2. ADD: TOTAL DEPOSITS NOT CREDITED -- -- 1,492,588.49 --
3. ADD: OUTSTANDING WIRE TRANSFERS -- -- 377,536.39 --
4. SUBTRACT: OUTSTANDING CHECKS N/A N/A N/A N/A
5. SUBTRACT: OUTSTANDING WIRE TRANSFERS -- -- -- --
6. OTHER RECONCILING ITEMS -- -- 128,929.91 --
7. ADJUSTED BANK BALANCE 8,441.39 3,684.89 2,073,962.79 16,460,769.95
8. MONTH END BALANCE PER BOOKS 1,947.01 4,108.52 2,718,984.48 16,460,769.95
9. LESS: NSF CHECKS -- (211.57) -- --
10. LESS: BANK/CREDIT CARD FEES -- (264.22) (495,427.39) --
11. ADD/(LESS): DEPOSIT DIFFERENCES (514.65) 52.16 -- --
12. OTHER RECONCILING ITEMS (ATTACH LIST 7,009.03 -- (149,594.30) --
13. ADJUSTED BALANCE PER BOOKS 8,441.39 3,684.89 2,073,962.79 16,460,769.95
14. NUMBER OF LAST CHECK WRITTEN N/A N/A N/A N/A
</TABLE>
7 of 9
<PAGE> 38
<TABLE>
<CAPTION>
Debtor: Case No. 98-02107
Sun Television and Appliances, Inc. MOR-6 Supporting Schedule and 98-02109
Sun TV and Appliances, Inc. December Bank Reconciliations Jointly Administered
A. BANK: NATIONAL CITY NATIONAL CITY NATIONAL CITY NATIONAL CITY
B. ACCOUNT NUMBER: 394035037 3941035053 394034958 394035045
C. PURPOSE (TYPE): CONCENTRATION WORKERS COMP HEALTH INS. PAYROLL
<S> <C> <C> <C> <C>
1. BALANCE PER BANK STATEMENT 1,470,841.22 27,444.80 69,173.10 104,600.64
2. ADD: TOTAL DEPOSITS NOT CREDITED 374,616.71 -- --
3. ADD: OUTSTANDING WIRE TRANSFERS -- -- --
4. SUBTRACT: OUTSTANDING CHECKS (1,070,906.98) (10,342.28) N/A
5. SUBTRACT: OUTSTANDING WIRE TRANSFERS -- -- --
6. OTHER RECONCILING ITEMS 234,168.75 -- --
7. ADJUSTED BANK BALANCE 1,008,719.70 17,102.52 69,173.10 8,318.89
8. MONTH END BALANCE PER BOOKS 1,729,232.14 23,809.89 69,173.09 24,464.81
9. LESS: NSF CHECKS -- -- --
10. LESS: BANK/CREDIT CARD FEES -- -- --
11. ADD/(LESS): DEPOSIT DIFFERENCES (1,365.39) -- --
12. OTHER RECONCILING ITEMS (ATTACH LIST (719,147.05) (6,707.37) 0.01 (16,145.92)
13. ADJUSTED BALANCE PER BOOKS 1,008,719.70 17,102.52 69,173.10 8,318.89
14. NUMBER OF LAST CHECK WRITTEN #712451 #7064 N/A #
</TABLE>
8 of 9
<PAGE> 39
<TABLE>
<CAPTION>
Debtor: Case No. 98-02107
Sun Television and Appliances, Inc. MOR-6 Supporting Schedule and 98-02109
Sun TV and Appliances, Inc. December Bank Reconciliations Jointly Administered
A. BANK: HUNTINGTON HUNTINGTON
B. ACCOUNT NUMBER: 01891448090 01891740727
C. PURPOSE (TYPE): OLD PAYROLL STORE DEPOSITS
<S> <C> <C>
1. BALANCE PER BANK STATEMENT 205,238.16 1,522.00
2. ADD: TOTAL DEPOSITS NOT CREDITED --
3. ADD: OUTSTANDING WIRE TRANSFERS --
4. SUBTRACT: OUTSTANDING CHECKS (120,826.63)
5. SUBTRACT: OUTSTANDING WIRE TRANSFERS --
6. OTHER RECONCILING ITEMS --
7. ADJUSTED BANK BALANCE 84,411.53 1,522.00
8. MONTH END BALANCE PER BOOKS 85,978.74 (4,199.25)
9. LESS: NSF CHECKS --
10. LESS: BANK/CREDIT CARD FEES (1,567.21) --
11. ADD/(LESS): DEPOSIT DIFFERENCES --
12. OTHER RECONCILING ITEMS (ATTACH LIST --
13. ADJUSTED BALANCE PER BOOKS 84,411.53 1,522.00
14. NUMBER OF LAST CHECK WRITTEN #1089753 N/A
</TABLE>
9 of 9
<PAGE> 40
SUN TELEVISION AND APPLIANCES, INC.
SUN TV AND APPLIANCES, INC.
DEBTORS-IN-POSSESSION
CASE NO. 98-2107 AND 98-2109
JANUARY 1999 MONTHLY OPERATING REPORT
SUPPORTING SCHEDULES FOR MOR-6
JANUARY 1999 BANK RECONCILIATIONS
<PAGE> 41
<TABLE>
<CAPTION>
Debtor: Case No. 98-02107
Sun Television and Appliances, Inc. MOR-6 Supporting Schedule and 98-02109
Sun TV and Appliances, Inc. January Bank Reconciliations Jointly Administered
A. BANK: THE OHIO BANK BANK ONE PNC BANK ONE WEST
B. ACCOUNT NUMBER: 7067480 021012644 61-0169-0677 625599303
C. PURPOSE (TYPE): STORE DEPOSITS STORE DEPOSITS STORE DEPOSITS STORE DEPOSITS
<S> <C> <C> <C> <C>
1. BALANCE PER BANK STATEMENT 14,433.20 39,056.97 89,267.01 44,581.92
2. ADD: TOTAL DEPOSITS NOT CREDITED -- -- -- --
3. ADD: OUTSTANDING WIRE TRANSFERS -- -- -- --
4. SUBTRACT: OUTSTANDING CHECKS N/A N/A N/A N/A
5. SUBTRACT: OUTSTANDING WIRE TRANSFERS -- -- -- --
6. OTHER RECONCILING ITEMS -- -- --
7. ADJUSTED BANK BALANCE 14,433.20 39,056.97 89,267.01 44,581.92
8. MONTH END BALANCE PER BOOKS 14,433.20 39,056.97 89,267.01 44,581.92
9. LESS: NSF CHECKS -- -- -- --
10. LESS: BANK/CREDIT CARD FEES -- -- -- --
11. ADD/(LESS): DEPOSIT DIFFERENCES -- -- -- --
12. OTHER RECONCILING ITEMS (ATTACH LIST) -- -- -- --
13. ADJUSTED BALANCE PER BOOKS 14,433.20 39,056.97 89,267.01 44,581.92
14. NUMBER OF LAST CHECK WRITTEN N/A N/A N/A N/A
</TABLE>
1 of 5
<PAGE> 42
<TABLE>
<CAPTION>
Debtor: Case No. 98-02107
Sun Television and Appliances, Inc. MOR-6 Supporting Schedule and 98-02109
Sun TV and Appliances, Inc. January Bank Reconciliations Jointly Administered
A. BANK: WESBANCO HUNTINGTON FIRST UNION FIRST UNION
B. ACCOUNT NUMBER: 310798542 1221021524 2014194531699 2050000257704
C. PURPOSE (TYPE): STORE DEPOSITS STORE DEPOSITS STORE DEPOSITS STORE DEPOSITS
<S> <C> <C> <C> <C>
1. BALANCE PER BANK STATEMENT 19,153.29 77,947.29 -- --
2. ADD: TOTAL DEPOSITS NOT CREDITED -- -- -- --
3. ADD: OUTSTANDING WIRE TRANSFERS -- -- -- --
4. SUBTRACT: OUTSTANDING CHECKS N/A N/A N/A N/A
5. SUBTRACT: OUTSTANDING WIRE TRANSFERS -- -- -- --
6. OTHER RECONCILING ITEMS -- -- -- --
7. ADJUSTED BANK BALANCE 19,153.29 77,947.29 -- --
8. MONTH END BALANCE PER BOOKS 19,153.29 77,947.29 12,544.55 910.66
9. LESS: NSF CHECKS -- -- -- --
10. LESS: BANK/CREDIT CARD FEES -- -- -- --
11. ADD/(LESS): DEPOSIT DIFFERENCES -- -- -- --
12. OTHER RECONCILING ITEMS (ATTACH LIST) -- -- (12,544.55) (910.66)
13. ADJUSTED BALANCE PER BOOKS 19,153.29 77,947.29 -- --
14. NUMBER OF LAST CHECK WRITTEN N/A N/A N/A N/A
</TABLE>
2 of 5
<PAGE> 43
<TABLE>
<CAPTION>
Debtor: Case No. 98-02107
Sun Television and Appliances, Inc. MOR-6 Supporting Schedule and 98-02109
Sun TV and Appliances, Inc. January Bank Reconciliations Jointly Administered
A. BANK: IRWIN UNION NATIONAL CITY BANKBOSTON BANKBOSTON
B. ACCOUNT NUMBER: 39658034 354073282 804-81979 898-28038
C. PURPOSE (TYPE): STORE DEPOSITS STORE DEPOSITS BBRF PROCEEDS CASH COLLATERAL
<S> <C> <C> <C> <C>
1. BALANCE PER BANK STATEMENT 1,110.70 14,538.82 75,000.00 864,290.32
2. ADD: TOTAL DEPOSITS NOT CREDITED -- -- 971,483.83 --
3. ADD: OUTSTANDING WIRE TRANSFERS -- -- 61,188.03 --
4. SUBTRACT: OUTSTANDING CHECKS N/A N/A N/A N/A
5. SUBTRACT: OUTSTANDING WIRE TRANSFERS -- -- -- --
6. OTHER RECONCILING ITEMS -- -- 108,463.23 --
7. ADJUSTED BANK BALANCE 1,110.70 14,538.82 1,216,135.09 864,290.32
8. MONTH END BALANCE PER BOOKS 1,110.70 14,538.82 1,216,135.09 864,290.32
9. LESS: NSF CHECKS -- -- -- --
10. LESS: BANK/CREDIT CARD FEES -- -- -- --
11. ADD/(LESS): DEPOSIT DIFFERENCES -- -- -- --
12. OTHER RECONCILING ITEMS (ATTACH LIST) -- -- -- --
13. ADJUSTED BALANCE PER BOOKS 1,110.70 14,538.82 1,216,135.09 864,290.32
14. NUMBER OF LAST CHECK WRITTEN N/A N/A N/A N/A
</TABLE>
3 of 5
<PAGE> 44
<TABLE>
<CAPTION>
Debtor: Case No. 98-02107
Sun Television and Appliances, Inc. MOR-6 Supporting Schedule and 98-02109
Sun TV and Appliances, Inc. January Bank Reconciliations Jointly Administered
A. BANK: NATIONAL CITY NATIONAL CITY NATIONAL CITY NATIONAL CITY
B. ACCOUNT NUMBER: 394035037 3941035053 394034958 394035045
C. PURPOSE (TYPE): CONCENTRATION WORKERS COMP HEALTH INS. PAYROLL
<S> <C> <C> <C> <C>
1. BALANCE PER BANK STATEMENT 1,700.40 20,028.17 69,173.10 67,655.85
2. ADD: TOTAL DEPOSITS NOT CREDITED 112,218.73 - - -
3. ADD: OUTSTANDING WIRE TRANSFERS - - - -
4. SUBTRACT: OUTSTANDING CHECKS (800,892.94) (6,473.76) N/A (59,882.18)
5. SUBTRACT: OUTSTANDING WIRE TRANSFERS - - - -
6. OTHER RECONCILING ITEMS 226,236.15 - - -
7. ADJUSTED BANK BALANCE (460,737.66) 13,554.41 69,173.10 7,773.67
8. MONTH END BALANCE PER BOOKS (460,737.66) 17,102.52 69,173.09 39,218.69
9. LESS: NSF CHECKS - - - -
10. LESS: BANK/CREDIT CARD FEES - - - -
11. ADD/(LESS): DEPOSIT DIFFERENCES - - - -
12. OTHER RECONCILING ITEMS (ATTACH LIST) - (3,548.11) 0.01 (31,445.02)
13. ADJUSTED BALANCE PER BOOKS (460,737.66) 13,554.41 69,173.10 7,773.67
14. NUMBER OF LAST CHECK WRITTEN #712802 #7237 N/A #
</TABLE>
4 of 5
<PAGE> 45
<TABLE>
<CAPTION>
Debtor: Case No. 98-02107
Sun Television and Appliances, Inc. MOR-6 Supporting Schedule and 98-02109
Sun TV and Appliances, Inc. January Bank Reconciliations Jointly Administered
<S> <C>
A. BANK: HUNTINGTON
B. ACCOUNT NUMBER: 01891448090
C. PURPOSE (TYPE): OLD PAYROLL
1. BALANCE PER BANK STATEMENT 205,041.33
2. ADD: TOTAL DEPOSITS NOT CREDITED -
3. ADD: OUTSTANDING WIRE TRANSFERS -
4. SUBTRACT: OUTSTANDING CHECKS (120,475.07)
5. SUBTRACT: OUTSTANDING WIRE TRANSFERS -
6. OTHER RECONCILING ITEMS -
7. ADJUSTED BANK BALANCE 84,566.26
8. MONTH END BALANCE PER BOOKS 84,566.26
9. LESS: NSF CHECKS -
10. LESS: BANK/CREDIT CARD FEES -
11. ADD/(LESS): DEPOSIT DIFFERENCES -
12. OTHER RECONCILING ITEMS (ATTACH LIST) -
13. ADJUSTED BALANCE PER BOOKS 84,566.26
14. NUMBER OF LAST CHECK WRITTEN #1089753
</TABLE>
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<PAGE> 46
<TABLE>
<CAPTION>
Debtor: Case No. 98-02107
Sun Television and Appliances, Inc. MOR-6 Supporting Schedule and 98-02109
Sun TV and Appliances, Inc. January Bank Reconciliations Jointly Administered
Other Reconciling items
OTHER RECONCILING ITEMS:
<S> <C>
FIRST UNION
2050000257704
STORE DEPOSITS
----------------------
Check to close account received in February (12,544.55)
=====================
FIRST UNION
2050000257704
STORE DEPOSITS
----------------------
Check to close account received in February (910.66)
=====================
BANKBOSTON
804-81979
BBRF PROCEEDS
Other reconciling items - Bank
Timing differences credit card receipts and
posting
---------------------
108,463.23
=====================
NATIONAL CITY
394035037
CONCENTRATION
Other reconciling items - Bank
Checks s/b void on bank, shown as outstanding 225,808.14
Check #709333 s/b void on bank 428.01
---------------------
226,236.15
=====================
NATIONAL CITY
3941035053
WORKERS COMP
Checks not booked (3,548.11)
---------------------
(3,548.11)
=====================
NATIONAL CITY
394035045
PAYROLL
Payroll tax adjustment booked for wrong amount (13,103.33)
Miscellaneous reconciling items (18,341.69)
---------------------
(31,445.02)
=====================
</TABLE>
1 of 1
<PAGE> 47
<TABLE>
<CAPTION>
Debtor: Case No. 98-02107
Sun Television and Appliances, Inc. MOR-6 Supporting Schedule and 98-02109
Sun TV and Appliances, Inc. December Bank Reconciliations Jointly Administered
Other Reconciling items
OTHER RECONCILING ITEMS:
<S> <C>
PNC BANK
00-0103-5619
STORE DEPOSITS
---------------------
Petty cash deposit 1,619.12
=====================
PNC BANK
10-0120-8537
STORE DEPOSITS
Petty cash deposit 3,174.61
Wire transfer booked in Dec, s/b booked in Jan 2,000.00
---------------------
5,174.61
=====================
PNC BANK
00-0113-4510
STORE DEPOSITS
---------------------
Petty cash deposit 1,922.77
=====================
PNC BANK
00-0109-3405
STORE DEPOSITS
---------------------
Petty cash deposit 1,503.86
=====================
PNC BANK
00-0107-5987
STORE DEPOSITS
Petty cash deposit 1,804.20
Wire transfer booked in Dec, s/b booked in Jan 30,000.00
---------------------
31,804.20
=====================
HUNTINGTON
1720307846
STORE DEPOSITS
---------------------
Petty cash deposit 959.19
=====================
</TABLE>
1 of 4
<PAGE> 48
<TABLE>
<CAPTION>
Debtor: Case No. 98-02107
Sun Television and Appliances, Inc. MOR-6 Supporting Schedule and 98-02109
Sun TV and Appliances, Inc. December Bank Reconciliations Jointly Administered
Other Reconciling items
OTHER RECONCILING ITEMS:
<S> <C>
KEY BANK
327210031446
STORE DEPOSITS
---------------------
Petty cash deposit 2,381.60
=====================
HUNTINGTON BANK
1221021524
STORE DEPOSITS
---------------------
Petty cash deposit 379.47
=====================
CRESTAR
205349633
STORE DEPOSITS
Adjustment to close account 3,072.43
Reverse bank charge 401.54
---------------------
3,473.97
=====================
FIRST UNION
2050000257704
STORE DEPOSITS
---------------------
Wire transfer booked in Dec, s/b booked in Jan 13,000.00
=====================
IRWIN UNION
39658034
STORE DEPOSITS
---------------------
Wire transfer booked in Dec, s/b booked in Jan 23,000.00
=====================
KEY BANK
353661000201
STORE DEPOSITS
Interest paid 9.03
Wire transfer booked in Dec, s/b booked in Jan 7,000.00
---------------------
7,009.03
=====================
2 of 4
</TABLE>
<PAGE> 49
<TABLE>
<CAPTION>
Debtor: Case No. 98-02107
Sun Television and Appliances, Inc. MOR-6 Supporting Schedule and 98-02109
Sun TV and Appliances, Inc. December Bank Reconciliations Jointly Administered
Other Reconciling items
OTHER RECONCILING ITEMS:
<S> <C>
BANKBOSTON
804-81979
BBRF PROCEEDS
Other reconciling items - Bank
Timing differences credit card receipts and
posting
---------------------
128,929.91
=====================
Other reconciling items - Book
Credit card chargebacks (88,368.02)
Credit card adjustments (194,586.73)
Credit card reserves withheld (615,748.39)
Interest on MC/Visa reserve 2,985.04
Letter of credit fees (1,358.67)
Universal expense reimb. posted to wrong acct. 863,800.74
Beneficial receipts keyed to wrong account (116,339.73)
Unlocated difference 21.46
---------------------
(149,594.30)
=====================
NATIONAL CITY
394035037
CONCENTRATION
Other reconciling items - Bank
Check cleared for more than issue amount 8,000.00
Check voided on bank, not ledger (31.00)
Checks s/b void on bank, shown as outstanding 225,808.14
Check #709333 s/b void on bank 428.01
Credit memo (82.40)
Debit memo 10.00
Check void on g/l in Dec., stopped 9/23 per bank 36.00
---------------------
234,168.75
=====================
</TABLE>
3 of 4
<PAGE> 50
<TABLE>
<CAPTION>
Debtor: Case No. 98-02107
Sun Television and Appliances, Inc. MOR-6 Supporting Schedule and 98-02109
Sun TV and Appliances, Inc. December Bank Reconciliations Jointly Administered
Other Reconciling items
OTHER RECONCILING ITEMS:
<S> <C>
Other reconciling items - Book
Universal expense reimb. posted to wrong acct. (863,800.74)
Beneficial receipts deposited, not keyed to G/L 54,591.78
Beneficial receipts keyed to wrong account 116,339.73
Unknown deposit/credit - being researched 18,712.79
Boscov deposit for parts inventory not booked 52,500.00
Wire not booked to G/L (19,108.00)
Jan ACH booked to G/L in Dec. (75,000.00)
Correct customer refund adj to cash in error (1,267.21)
Misc adj. (16.83)
Oct finance deposit keyed in Dec (1,637.70)
Controlled disbursement account balance (460.87)
---------------------
(719,147.05)
=====================
NATIONAL CITY
3941035053
WORKERS COMP
Check #6912 not booked (4,000.00)
Check #6942 - 6945 not booked (2,709.32)
Unlocated difference 1.95
---------------------
(6,707.37)
=====================
NATIONAL CITY
394035045
PAYROLL
Miscellaneous reconciling items (16,145.92)
---------------------
(16,145.92)
=====================
HUNTINGTON
01891740727
STORE DEPOSITS
Petty cash deposit
---------------------
5,715.76
=====================
</TABLE>
4 of 4
